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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 3:29 pm to colorchangintiger
Posted on 1/16/17 at 3:29 pm to colorchangintiger
quote:
I've only lost $10 and my time explaining to you how I only lost $10.
So the original $100 wasn't yours? The net gain/loss is what is trying to be figured here, not the profit loss/gain.
If you want to go even further down the rabbit hole in your analogy, you lost $10 in product plus $90 in profit. What if your next customer needs 10 widgets, but you now only have 9. If not for the theft you would be set up to have an incoming profit of $900 from the sell of the 10 widgets, but because the thief purchased the widget using your money you are now out the sell because the client wants all 10 widgets to be identical. SO you have now sold $20 in widgets for only $80 profit post theft and also lost out on $900 in widget sales. So you have lost $1000 in profit due to the initial theft.
0
Posted on 1/16/17 at 3:29 pm to cubsfan5150
quote:
We don't know how much the owner paid for those groceries.
You also have to factor in taxes and overhead he makes off of those groceries.
Plus he now has a fake sale in his numbers, so if he bases his advertising dollars budgeted on a per sale and price per sale transaction, then he would have an over inflation to account for.
Plus, as the woman is a thief, she is probably nasty and Smelly. And so people see people like her shopping there and they refuse to come back. So you have to factor in loss of future business as well.
Plus, because she pulled the scam off, she will tell her degenerate friends about to, exponentially growing the problems above.
And when the missing money is reported when they count out the till at the end of that day he will undoubtedly either lose an employee and have to train a new one, which is expensive, or make the employee pay for it out of their own pocket which decreases moral and thus compounds his problems.
This post was edited on 1/16/17 at 3:35 pm
Posted on 1/16/17 at 3:30 pm to thelawnwranglers
quote:
Will he use external recruiter to fill that spot
He probably uses a local job recruiting agency.
Posted on 1/16/17 at 3:34 pm to Topwater Trout
quote:
the register is still short the $100 the thief stole.
The question isn't asking how short the register will be, which I agree it would be $100 short. It's how much is the owner out.
Like someone else said: It's basically like the woman put back $70 in the register, stole $70 worth of groceries, and $30 in cash. What was the owners cost of the groceries?
ETA: This kind of segways into another question. I've been I've been contemplating how I should value my inventory. Should I value it at what I paid for it or should I value it at what I can sell it for?
This post was edited on 1/16/17 at 3:37 pm
Posted on 1/16/17 at 3:36 pm to Topwater Trout
I understand what you're saying... but,
that's not what the question is asking.
quote:
the register is still short $100.
that's not what the question is asking.
Posted on 1/16/17 at 3:36 pm to colorchangintiger
You missed a ton of problems. See my post above.
Posted on 1/16/17 at 3:38 pm to colorchangintiger
quote:
ETA: This kind of segways into another question. I've been I've been contemplating how I should value my inventory. Should I value it at what I paid for it or should I value it at what I can sell it for?
Is this for tax purposes or the value of your business?
Posted on 1/16/17 at 3:41 pm to colorchangintiger
quote:
Should I value it at what I paid for it or should I value it at what I can sell it for?
neither, it should be valued at what the current market rate is
Posted on 1/16/17 at 3:41 pm to colorchangintiger
quote:
This kind of segways into another question. I've been I've been contemplating how I should value my inventory. Should I value it at what I paid for it or should I value it at what I can sell it for?
This post was edited on 1/16/17 at 3:43 pm
Posted on 1/16/17 at 3:42 pm to MrLarson
quote:
Is this for tax purposes or the value of your business?
This is like Schrodinger's Accounting .
Value of the business. For tax purposes my inventory is worthless, and it is as long as it's on the shelf.
Posted on 1/16/17 at 3:47 pm to colorchangintiger
quote:
The question isn't asking how short the register will be, which I agree it would be $100 short. It's how much is the owner out.
What if guy buys $70 worth of lottery tickets (no cost to store owner)
Posted on 1/16/17 at 3:47 pm to threeputt
Some of you people would be walking through the woods, see some tracks, argue for an hour over whether they're fox or coyote tracks, then get hit by the train.
Posted on 1/16/17 at 3:51 pm to colorchangintiger
quote:
ETA: This kind of segways into another question. I've been I've been contemplating how I should value my inventory. Should I value it at what I paid for it or should I value it at what I can sell it for?
Lower of cost or market bro
Posted on 1/16/17 at 3:54 pm to TigerstuckinMS
quote:
argue for an hour over whether they're fox or coyote tracks,
to be fair, they are very similar.
Posted on 1/16/17 at 3:55 pm to tgrbaitn08
Posted on 1/16/17 at 3:57 pm to MusclesofBrussels
quote:
Lower of cost or market bro
This is all just for shits, but that's how I've been looking at it.
Posted on 1/16/17 at 3:58 pm to threeputt
Ok... so what's the fricking answer???
Posted on 1/16/17 at 3:58 pm to Scooba
quote:
that's not what the question is asking
sure it is.
at the end of the day if an inventory is taken of the entire store (product, plus $ in the registers) then the store is short $100.
the $70 in groceries is the distraction.
$70 worth of groceries left the store.
$70 of money was given to the store for those groceries.
those numbers balance each other out when doing the books.
where the purchaser got the money has 0 effect on the stores gains/losses.
Posted on 1/16/17 at 3:58 pm to Topwater Trout
quote:
What if guy buys $70 worth of lottery tickets (no cost to store owner)
But the owner doesn't keep any of that $70 either. Then I agree that owner is out $100.
Posted on 1/16/17 at 3:59 pm to TigerstuckinMS
quote:
then get hit by the train.
Will the conductor steal 100 out of my wallet? How much did I lose if he does?
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