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re: Settle This Facebook Math Problem
Posted on 9/19/17 at 7:12 pm to TheArrogantCorndog
Posted on 9/19/17 at 7:12 pm to TheArrogantCorndog
quote:
Don't sell us short... this will get 14 pages easy
Yeah, but the average OTer can only count to ten without taking off his shoes and 20 without taking off his pants.
1
Posted on 9/19/17 at 7:14 pm to pioneerbasketball
quote:
Break even
quote:
+ $20
quote:
$10 actual profit.
Posted on 9/19/17 at 7:14 pm to pioneerbasketball
There is probably something about a parenthesis I missed somewhere
Posted on 9/19/17 at 7:15 pm to TigerstuckinMS
quote:
Yeah, but the average OTer can only count to ten without taking off his shoes and 20 without taking off his pants.
Think of how stupid the average person is, and realize half of them are stupider than that
- George Carlin
Posted on 9/19/17 at 7:15 pm to pioneerbasketball
A shite ton of money since he got a horse for $60
Posted on 9/19/17 at 7:17 pm to TheArrogantCorndog
He made 30 bucks.
Let's say all he had to his name was the 60 dollars. When it was all over, he had 90 dollars.
Let's say all he had to his name was the 60 dollars. When it was all over, he had 90 dollars.
Posted on 9/19/17 at 7:19 pm to pioneerbasketball
He had made himself 10 dolla in da horse tradin bidness.
Posted on 9/19/17 at 7:19 pm to BHM
quote:
He made 30 bucks.
Let's say all he had to his name was the 60 dollars. When it was all over, he had 90 dollars.
Let's say that. If that's the case he couldn't have bought the horseback for $80 after selling it for $70
Posted on 9/19/17 at 7:20 pm to pioneerbasketball
$20 of course.
If the second purchase was within 30 days of the first sale, it would be a "wash sale" if the first transaction had been a loss. But it wasn't. So $20 regardless.
If the second purchase was within 30 days of the first sale, it would be a "wash sale" if the first transaction had been a loss. But it wasn't. So $20 regardless.
Posted on 9/19/17 at 7:21 pm to pioneerbasketball
He made 20 bucks. He spent 140 and some then for 160.
Posted on 9/19/17 at 7:21 pm to BHM
quote:
Let's say all he had to his name was the 60 dollars. When it was all over, he had 90 dollars.
Then how did he buy it back for $80 after he flipped it from $60- $70?? He would be $10 in the red
Read it again
Posted on 9/19/17 at 7:22 pm to pioneerbasketball
quote:Stopped reading.
Settle This Facebook
The boy's mother was a surgeon.
Posted on 9/19/17 at 7:24 pm to pioneerbasketball
If you account for feeding the horse he lost money I'm sure.
Posted on 9/19/17 at 7:24 pm to TheIndulger
quote:
A shite ton of money since he got a horse for $60
That's a lot of good meat and glue for $60
Posted on 9/19/17 at 7:30 pm to TheArrogantCorndog
Did he have to finance the $10 when he bought it the second time? Is this man considered a farmer to where he files a Schedule F with his tax return? How long did he own the horse?
All important questions to determine the amount and nature of the gain.
All important questions to determine the amount and nature of the gain.
Posted on 9/19/17 at 7:31 pm to TheArrogantCorndog
-60+70-80+90=$20
Posted on 9/19/17 at 7:34 pm to pioneerbasketball
Did he pay taxes on the purchase and sale?
Does he have the proper license to buy and sell livestock?
How much time did he have the horse between purchase and sale? Feed ain't free.
Does he have the proper license to buy and sell livestock?
How much time did he have the horse between purchase and sale? Feed ain't free.
Posted on 9/19/17 at 7:35 pm to pioneerbasketball
inb4 cosmo flamer
Posted on 9/19/17 at 7:44 pm to TheArrogantCorndog
quote:
Then how did he buy it back for $80 after he flipped it from $60- $70??
PayDay Loan.
Posted on 9/19/17 at 7:50 pm to pioneerbasketball
$10 profit.
He bought it for $60 then sold it for $70 so that is $10 profit. Turns around and buys it for $80 so there goes the $10 in profit, however he sells it for $90 so he makes $10. Unless I am missing something.
He bought it for $60 then sold it for $70 so that is $10 profit. Turns around and buys it for $80 so there goes the $10 in profit, however he sells it for $90 so he makes $10. Unless I am missing something.
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