Don't know why I can't figure this out. Help me out.

by **DWags** 2017-01-13, 10:53

Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

by TheReal_LWS 2017-01-13, 10:55

I'll help, you suck at math, that's why you can't figure it out.

P.S. Answer is $100.

by **Watch Out Pylon!** 2017-01-13, 10:56

by **DWags** 2017-01-13, 10:56

TheReal_LWS wrote:I'll help, you suck at math, that's why you can't figure it out.

That helps how? I thought it was 100 bucks.

by **Turtleneck** 2017-01-13, 10:57

Watch Out Pylon! wrote:2.

Dumbass. You forgot the costs of the conveyer belt. $248.

by Guest 2017-01-13, 10:57

DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

What was the markup on the goods?

by **DWags** 2017-01-13, 10:57

LooseGoose wrote:
DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

What was the markup on the goods?

Good point, I didn't think of that

by Clarett's Folly 2017-01-13, 10:58

DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

In reality the store owner only loses $30 because he managed to, unbeknownst to him, recoup $70 of the lost $100.
From an accounting standpoint, however, the two transactions are unrelated and that $70 purchase was coming regardless of whether or not he was robbed earlier in the day so he's out $100.
Out $100 on the books, out $30 in reality.

by **DWags** 2017-01-13, 11:01

Clarett's Folly wrote:
DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

In reality the store owner only loses $30 because he managed to, unbeknownst to him, recoup $70 of the lost $100.
From an accounting standpoint, however, the two transactions are unrelated and that $70 purchase was coming regardless of whether or not he was robbed earlier in the day so he's out $100.
Out $100 on the books, out $30 in reality.

Well, thanks for completely confusing me.

by P Rob 2017-01-13, 11:04

DWags, why are you stealing shit? Don't do that.

by TheReal_LWS 2017-01-13, 11:04

its $100. Ignore Clarett.

by **DWags** 2017-01-13, 11:06

P Rob wrote:DWags, why are you stealing shit? Don't do that.

? it was a question on the FB feed this morning. I just want to give the right answer. Is that stealing if I ask for help?

by **WhiteBoyHatcher** 2017-01-13, 11:06

He loses $100 when the bill is stolen. (-100)

Then he loses $70 worth of food. (-170)

Then he gains $100 in currency. (-70)

Then he gives away another $30. (-100)

You big dummy.

by **Watch Out Pylon!** 2017-01-13, 11:08

TheReal_LWS wrote:edit

What's it like having a brain that functions so slowly? It must be extremely frustrating.

by AnomanderRake 2017-01-13, 11:11

DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

$100 + COGS of the $70 in items

The $30 is irrelevant because it's part of the $100 originally stolen.

by TheReal_LWS 2017-01-13, 11:13

AnomanderRake wrote:
DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

$100 + COGS of the $70 in items

The $30 is irrelevant because it's part of the $100 originally stolen.

"The $30 is irrelevant because it's part of the $100 originally stolen."

This goes for the $70 on the goods too.

by Clarett's Folly 2017-01-13, 11:15

Yeah, I read that as how much money did the owner lose altogether. $100 in goods and money seems correct.
Hatch and LWS are right, clearly those two are of the same mind.
This board would be wise to seek the council of both LWS and WhiteBoyHatcher.

by AnomanderRake 2017-01-13, 11:17

TheReal_LWS wrote:
AnomanderRake wrote:

$100 + COGS of the $70 in items

The $30 is irrelevant because it's part of the $100 originally stolen.

"The $30 is irrelevant because it's part of the $100 originally stolen."

This gos for the $70 on the goods too.

No it does not. The owner gave those goods away for previously recorded revenue/cash. He stole the money then stole the goods so you should add the COGS at least. It can get a lot more complicated than that if you consider margins etc. but that's not really the purpose of the riddle.

by TheReal_LWS 2017-01-13, 11:18

DWags wrote:
P Rob wrote:DWags, why are you stealing shit? Don't do that.

? it was a question on the FB feed this morning. I just want to give the right answer. Is that stealing if I ask for help?

Facebook! ROFL

by Clarett's Folly 2017-01-13, 11:21

Okay, same question but now three months has passed between the theft and the purchase. How much has the store owner lost?

by **Watch Out Pylon!** 2017-01-13, 11:23

Clarett's Folly wrote:Okay, same question but now three months has passed between the theft and the purchase. How much has the store owner lost?

Do you have a depreciation spreadsheet readily available?

by AnomanderRake 2017-01-13, 11:24

Clarett's Folly wrote:Okay, same question but now three months has passed between the theft and the purchase. How much has the store owner lost?

$100 + COGS + (Opportunity cost = Time value of $100+COGS invested over the 3 month period)

At least that amount.

by P Rob 2017-01-13, 11:26

DWags wrote:
P Rob wrote:DWags, why are you stealing shit? Don't do that.

? it was a question on the FB feed this morning. I just want to give the right answer. Is that stealing if I ask for help?

Yes. You should be in jail.

by Da Mayor 2017-01-13, 11:28

Some of you are as dumb as RCMB posters.

by P Rob 2017-01-13, 11:30

Da Mayor wrote:Some of you are as dumb as RCMB posters.

Eat shit.

by **NigelUno** 2017-01-13, 11:34

DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

He lost $100 before the guy came back.

When the guy came back, he traded $70 for goods. Let's assume the COGS was $35. So, he lost $35 on the goods and $30 in cash. $35 + $30 = $65

by Da Mayor 2017-01-13, 11:36

P Rob wrote:
Da Mayor wrote:Some of you are as dumb as RCMB posters.

Eat shit.

Hi Tanny.

by Guest 2017-01-13, 11:39

God damn this pains me.....but Nigel I think is closest so far. His math was the reason for my question on the markup.

by AnomanderRake 2017-01-13, 11:42

NigelUno wrote:
DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

He lost $100 before the guy came back.

When the guy came back, he traded $70 for goods. Let's assume the COGS was $35. So, he lost $35 on the goods and $30 in cash. $35 + $30 = $65

Yeah I think this is the correct answer, you have to make some assumption on the COGS to state the owner's actual net loss.

by **DWags** 2017-01-13, 11:44

Yep, you guys are a big fucking help. Thanks.

by Clarett's Folly 2017-01-13, 11:47

It's no wonder the economy is an uncontrollable fucking monstrosity of a mess. We can't even agree that this guy is out $100.

by P Rob 2017-01-13, 11:48

DWags wrote:Yep, you guys are a big fucking help. Thanks.

Enjoy prison, jackass.

by **Heat Miser** 2017-01-13, 11:49

NigelUno wrote:
DWags wrote:Guy walks into a store and steals 100 dollar bill from the register. He comes back a half hour later and buys 70 dollars worth of goods with the 100 dollar bill and gets 30 bucks back in change.

How much did the owner lose altogether?

He lost $100 before the guy came back.

When the guy came back, he traded $70 for goods. Let's assume the COGS was $35. So, he lost $35 on the goods and $30 in cash. $35 + $30 = $65

My MSU Accounting degree agrees with this.

If the guy had never come back, actual loss & book loss are both $100 assuming the owner knows he was robbed.

Assuming the owner doesn't know the buyer & the thief are the same person & the thief wasn't going to buy $70 in goods if he hadn't stolen the $100, book loss remains $100, but actual loss is $30 + Cost of Goods Sold.

by TheReal_LWS 2017-01-13, 12:19

LooseGoose wrote:God damn this pains me.....but Nigel I think is closest so far. His math was the reason for my question on the markup.

Then the question is bunk, because without markup there is no way to calculate it.

I still say $100. The theft was for $100. What happened later with a legitimate sale is immaterial.

by **DWags** 2017-01-13, 12:55

TheReal_LWS wrote:
LooseGoose wrote:God damn this pains me.....but Nigel I think is closest so far. His math was the reason for my question on the markup.

Then the question is bunk, because without markup there is no way to calculate it.

I still say $100. The theft was for $100. What happened later with a legitimate sale is immaterial.

I'll help: you suck at this, it's why you can't figure it out.

by TheReal_LWS 2017-01-13, 13:00

DWags wrote:
TheReal_LWS wrote:

Then the question is bunk, because without markup there is no way to calculate it.

I still say $100. The theft was for $100. What happened later with a legitimate sale is immaterial.

I'll help: you suck at this, it's why you can't figure it out.

Wrong. It is $100. What I said was right! Don't know why I can't figure this out. Help me out. 1f44d