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re: I swear there are some dumb people on the face book and the TD.COM
Posted on 1/16/17 at 4:00 pm to Topwater Trout
Posted on 1/16/17 at 4:00 pm to Topwater Trout
quote:
What if guy buys $70 worth of lottery tickets (no cost to store owner)
Were any of them winners? The store makes commission off of the sale plus a percentage of the winnings.
Posted on 1/16/17 at 4:02 pm to CubsFanBudMan
guy won 170 million jackpot and then overcome with guilt returned the stolen $100...now the store owner is suing for the 170 mil jackpot
Posted on 1/17/17 at 7:20 am to AwesomeSauce
quote:
He lost $100. You are trying to find out how much she stole in your narrative, which is not what the question asked. The owner lost the initial $100. The thief got $30 plus the groceries, but that's not what is being asked.
I have done this in my head 100 times and I keep coming up with $200 as the answer
Posted on 1/17/17 at 7:46 am to Howyouluhdat
I say the owner has a net loss of $200.
Let's say the register had $200 to start.
If there was no theft and the owner sold $70 worth of inventory he would have a total of $270
With the robbery (200-100-70+70-30)= $70
-100 for initial theft
-70 for loss of groceries
+70 for the transaction
-30 change from stolen money
$270-70=$200
Let's say the register had $200 to start.
If there was no theft and the owner sold $70 worth of inventory he would have a total of $270
With the robbery (200-100-70+70-30)= $70
-100 for initial theft
-70 for loss of groceries
+70 for the transaction
-30 change from stolen money
$270-70=$200
Posted on 1/17/17 at 7:51 am to threeputt
Professor Plum ... in the Library ... with the candlestick.
Posted on 1/17/17 at 10:03 am to DivotBreath
But is the unladen swallow of the European or African variety?
Posted on 1/17/17 at 10:05 am to threeputt
$100 plus his faith in humanity.
Posted on 1/17/17 at 10:06 am to OysterPoBoy
best part of the question: DON'T OVERTHINK IT.... so just get a wrong answer that's not technically correct all the way.
Posted on 1/17/17 at 10:55 am to PaperPaintball92
Are goods fifo or lifo?
Deprecating assets?
Deprecating assets?
Posted on 1/17/17 at 10:58 am to NorfolkTiger
quote:
I say the owner has a net loss of $200.
Let's say the register had $200 to start.
If there was no theft and the owner sold $70 worth of inventory he would have a total of $270
With the robbery (200-100-70+70-30)= $70
-100 for initial theft
-70 for loss of groceries
+70 for the transaction
-30 change from stolen money
$270-70=$200
To make it easier on you, assume that the thief and customer are two separate people. Register has $200, thief steals $100. Now a customer buys $70 in groceries, the register only has $170, but should have $270.
$270 - $170 = $100.
You are thinking way too much simply because you know the money being used was stolen. The fact that the money was stolen has no bearing on the register and actual cash lost in the scenario.
Posted on 1/17/17 at 11:07 am to NorfolkTiger
quote:
-70 for loss of groceries
+70 for the transaction
-30 change from stolen money
This made sense in your head?
The transaction was $70 in groceries and $30 in change for $100, not $70.
Not to mention you are trying to track the register balance and are subtracting the $70 of groceries from your total. The actual groceries are not money buddy.
This post was edited on 1/17/17 at 11:12 am
Posted on 1/17/17 at 11:15 am to Fusaichi Pegasus
quote:
Are goods fifo or lifo?
Deprecating assets?
Weighted average cost and we Sec. 179 the assets.
Posted on 1/17/17 at 11:22 am to Mingo Was His NameO
It's simple. What did she leave the store with? She left with $30 in cash and $70 worth of groceries. That's all she left with. She gave the $100 bill back. So the owner lost $30 plus $70 worth of groceries.
Posted on 1/17/17 at 11:28 am to Chuckd
quote:
$70 worth of groceries.
The fact that she bought groceries with the bill has zero bearing on the situation, it is intended to confuse you. What if she bought the groceries then stole the money? What if she used a different $100 bill to buy the groceries? What if the two events occurred a year apart?
Posted on 1/17/17 at 11:45 am to threeputt
$200
This post was edited on 1/17/17 at 11:47 am
Posted on 1/17/17 at 11:47 am to threeputt
quote:
A women walks into a grocery store and steals $100 dollars out of the register without the owners knowledge.
Wait, so there is a group of women that stole the cash and multiple owners?
Posted on 1/17/17 at 11:48 am to SidewalkDawg
quote:
The doctor is the mother.
FIFY
Posted on 1/17/17 at 12:01 pm to bee Rye
quote:
milk
quote:
often sold at or below cost
Not in Louisiana
Posted on 1/17/17 at 12:03 pm to tigerbutt
If you get <$100, you over thunk it.
If you got >$100, you're stupid.
End of story.
If you got >$100, you're stupid.
End of story.
This post was edited on 1/17/17 at 12:10 pm
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