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re: Help with riddle - How Much Money Did The Store Lose?

Posted on 12/11/23 at 6:04 pm to
Posted by BallHawg10
On the Flagship - Fayetteville
Member since Mar 2011
4220 posts
Posted on 12/11/23 at 6:04 pm to
Resident accountant here…

$70 worth of product, $30 worth of cash.

Now I’ll go read the thread and see what everyone else came up with.
Posted by lsupride87
Member since Dec 2007
96756 posts
Posted on 12/11/23 at 7:22 pm to
quote:

Resident accountant here… $70 worth of product, $30 worth of cash.
Good lord

Please people, don’t judge all accountants. $100 cash was stolen. That is it
This post was edited on 12/11/23 at 7:23 pm
Posted by Seaux_cal_tiger
Member since Sep 2016
394 posts
Posted on 12/11/23 at 8:07 pm to
quote:

Resident accountant here…


Well Mr. Accountant, why or why not do we factor COGS into the answer? The non-accountant oil-field worker CPA’s have it figured out.
Posted by MidWestGuy
Illinois
Member since Nov 2018
785 posts
Posted on 12/11/23 at 9:23 pm to
quote:

Resident accountant here…

$70 worth of product, $30 worth of cash.

Now I’ll go read the thread and see what everyone else came up with.


No, as others have said - the later sale has nothing to do with it. He stole $100. Period. Coming back and buying a $70 item (or any $ item) has no bearing on it. The $100 and $30 change is just a red herring to make you think it's related.

Do we have to somehow show that he used the same bill with the same serial #? Would that make a difference? NO!

He bought $70 of stuff, period. He could have used $70 in cash and no change, he could have put it on his credit card, he could have used a DIFFERENT $100 bill!

Either way, again, the cash register will show $100 short that was stolen. Later, the $70 item sale all matches - no shortage in the cash register. It is a separate transaction.

Yes, $70 + $30 = $100, but it doesn't matter.
This post was edited on 12/11/23 at 9:25 pm
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