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re: Economics - How did this happen?
Posted on 7/12/20 at 9:41 pm to sgallo3
Posted on 7/12/20 at 9:41 pm to sgallo3
If you look at it as an accounting question, and if you do the journal entries for each person involved you will see that their expenses equaled their income making it a wash for all involved. They had all incurred the expense before receiving the income, it only works out to 0 because they traded in a circle. If the hooker would have bought some blow with the $200, the hotelier would still have A/R of $200 for her room, but would have used the unearned $200 to pay an expense and would not have it to return the deposit.
This post was edited on 7/12/20 at 9:42 pm
0
Posted on 7/12/20 at 9:41 pm to Ricky1962
All the balances were zero to begin with: Hotel, Meat Supplier, Butcher, Whore were all +200 and -200.
Passing around the actual bills just amounted to them calling it even.
Passing around the actual bills just amounted to them calling it even.
Posted on 7/12/20 at 9:43 pm to Ricky1962
Hotel owner owed $200 and was owed $200 at the start. Both of these debts have been cleared. No change in his status.
Posted on 7/12/20 at 9:48 pm to USMEagles
quote:
Hotel owner owed $200 and was owed $200 at the start. Both of these debts have been cleared. No change in his status.
Yeah, there's no change in anyone's status.
All the balances were zero to begin with: Hotel, Meat Supplier, Butcher, Whore all owed $200 and were owed $200.
Passing around the actual bills just amounted to all four of them acknowledging that.
This post was edited on 7/12/20 at 9:50 pm
Posted on 7/12/20 at 10:01 pm to Ricky1962
It doesn’t make sense that the hotel owner wouldn’t let the guys see the room without a $200 deposit, but allowed a whore to use a room at no immediate charge.
The hotel owner did not come out with $200. He had to give it back to the guy who viewed the room, so he came out with $0
The hotel owner did not come out with $200. He had to give it back to the guy who viewed the room, so he came out with $0
Posted on 7/12/20 at 10:03 pm to OleVaught14
quote:
The hotel owner is still out $200. He started $200 in the hole and ended $200 in the hole. The money he was "paid" for the room the night before he just gave back to the potential new customer.
This
Posted on 7/12/20 at 10:04 pm to RDOtiger
quote:
It doesn’t make sense that the hotel owner wouldn’t let the guys see the room without a $200 deposit, but allowed a whore to use a room at no immediate charge.
Posted on 7/12/20 at 10:05 pm to Ricky1962
Fiat currency baw
Posted on 7/12/20 at 10:14 pm to Ricky1962
The $200 deposit is not recognized revenue for the hotel. Hotel is still in the hole.
Posted on 7/12/20 at 10:14 pm to Stiles
On second thought...it does make sense...
Posted on 7/12/20 at 10:16 pm to Ricky1962
1. Terms
2. The lady got a room
2. The lady got a room
Posted on 7/12/20 at 10:39 pm to Ricky1962
The answer to your question: Because not one of the people in this equation took basic economics and thought to mark up their product at all or account for their own labor.
(assuming balances = 0 at the start of the problem)
Hotel owner: Goes +200 (guy pays him a deposit), back to 0 (he pays meat guy), back to +200 (whore pays him), back to 0 (he returns the deposit). [If your business plan depends on a whore being 'good for it', you've made some bad life decisions]
Guy: Goes -200 when he pays the deposit and back to 0 when he gets the deposit back [He's the only innocent party in this]
Meat supplier goes +200 when the hotel owner, back to 0 when he gives the money to the butcher [too stupid to mark this up apparently, so he's out his labor]
Butcher goes +200 when the meat guy pays him, back to 0 when he pays the whore [Apparently he paid $0 for the meat since he had a $200 prostitution budget]
Whore goes +200 when the butcher pays her, back to 0 when she pays the hotel. [Really, she's charging the hotel rate for her services? I think that's just a slut, should have argued for an hourly rate or something. Either way she banged a butcher for net-zero money].
(assuming balances = 0 at the start of the problem)
Hotel owner: Goes +200 (guy pays him a deposit), back to 0 (he pays meat guy), back to +200 (whore pays him), back to 0 (he returns the deposit). [If your business plan depends on a whore being 'good for it', you've made some bad life decisions]
Guy: Goes -200 when he pays the deposit and back to 0 when he gets the deposit back [He's the only innocent party in this]
Meat supplier goes +200 when the hotel owner, back to 0 when he gives the money to the butcher [too stupid to mark this up apparently, so he's out his labor]
Butcher goes +200 when the meat guy pays him, back to 0 when he pays the whore [Apparently he paid $0 for the meat since he had a $200 prostitution budget]
Whore goes +200 when the butcher pays her, back to 0 when she pays the hotel. [Really, she's charging the hotel rate for her services? I think that's just a slut, should have argued for an hourly rate or something. Either way she banged a butcher for net-zero money].
Posted on 7/12/20 at 10:41 pm to Ricky1962
What in the fricking frick?
Posted on 7/12/20 at 10:42 pm to Ricky1962
Because GDP is a function of money supply and velocity, if you believe in modern monetary theory.
Posted on 7/12/20 at 10:44 pm to Ricky1962
Zero interest.
Posted on 7/12/20 at 11:43 pm to wm72
quote:
Passing around the actual bills just amounted to them calling it even.
Yeah they basically all just traded services
Posted on 7/13/20 at 2:14 am to Ricky1962
quote:
The hotel owner agrees, but asks for a $200 deposit to hold the room. The potential guest agrees, gives the owner $200 and goes to view the room.
quote:
Meanwhile, the prospective guest goes back to the hotel lobby and informs the hotel owner he changed his mind and asked for his $200 deposit back.
quote:
The mistress then goes to the same hotel referred to before and pays the owner $200 for the use of the suite the prior night, where she provided her services.
So the hotel owner is requiring Guest 1 to put down a 200 dollar deposit just to view the room, but the whore gets to use the room, check out and then come back later to pay???? The only possible explanation is that the hotel owner left his own "deposit" with the whore which allowed her to use the room on credit. So in essence the owner started out in the hole and finished in the hole if ya know what I mean.
also, not to be nit picky, but how are the meat guy and the butcher two different people, or is the "meat" guy a euphemism?
This post was edited on 7/13/20 at 2:19 am
Posted on 7/13/20 at 3:21 am to Blizzard of Chizz
quote:it’s implied he’s a meat vendor... distributor to hotels. Not a butcher.
how are the meat guy and the butcher two different people, or is the "meat" guy a euphemism?
Posted on 7/13/20 at 5:00 am to Ricky1962
I don't understand what is confusing
Posted on 7/13/20 at 5:25 am to Ricky1962
After reading all of that, my head hurt but here is my analysis.
The hotel owner, hooker, and meat supplier run shitty businesses and need to learn to pay their bills as service is rendered.
The butcher needs to keep his meat in his pants or he will be out more than just 200.
The hotel guest needs to not be as picky when it comes to a hotel room.
The hotel owner, hooker, and meat supplier run shitty businesses and need to learn to pay their bills as service is rendered.
The butcher needs to keep his meat in his pants or he will be out more than just 200.
The hotel guest needs to not be as picky when it comes to a hotel room.
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