Another simple math question that many people will not answer correctly.

[mike0187]

The DVD is WORTH 19 bucks.
Just because the owner paid 14 bucks for it doesn't mean he just lost that money. That money is already gone. He actually lost 19 dollars for that DBD, because the next customer that walks through the door would have paid 19 bucks for that DVD, not 14.

Wrong.

When a business breaks something, loses something, has something stolen......they write it off AT COST....accounting rule.

in this case, $14

 

[Doug]

The DVD is WORTH 19 bucks.
Just because the owner paid 14 bucks for it doesn't mean he just lost that money. That money is already gone. He actually lost 19 dollars for that DBD, because the next customer that walks through the door would have paid 19 bucks for that DVD, not 14.

only if the DVD would be sold for $19 before it can be replaced for $14. You can't assume the sale. I assume he can readily replace at $14 and doesn't normally sell out.

 

[juice]

I'm thinking of economic/opportunity cost. Nowhere was this stated as being an accounting question

 

[oldirtyku]

ahahahahhahhaha
that's the funniest thing I've read in a long time.

Dude it's hilarious and true... Fawk. I can't spell or add well at all but I somehow got a MS in CS which is totally math driven... Life is funny like that sometimes...

BTW, Levi I am a software consultant not a DR or Lawyer...

 

[Hookandcrook+]

You can also solve this problem by pretending that the transaction with the neighbour never took place.

If the clerk already had 100 real dollars in his register and gave the con artist $81 in change plus a $14 DVD, he suffers a $95 loss.

That the neighbour is involved is just a trick to get you to account for the counterfeit money twice.

That is how I see it too.

 

[rugby]

$181
$81 in change, keeps the $19
$100 out of pocket to the neighbor

 

[Illini]

It's $95. Think through it logically, people. He didn't lose anything to the other store owner. They settled up for exactly even. Since the bill was counterfeit, the customer gave him nothing, and he gave the customer $14 +$81. How could it be more than $100? The only thing that made him lose money was a counterfeit $100 bill. So anything over $100 is not possible.

 

[Illini]

Philosophically, you could say he lost $100, since that is the amount that was stolen from him by the customer. But mathematically, he lost $95 on that transaction, because it was going to provide him with a $5 profit.

 

[Illini]

14..MAUHAHAHHAHAHAH. I fucken love it!

You're laughing at her, but you are just as wrong as she is.

 

[Illini]

He has to pay back $100 on top of that.

Think, people. Just think. How could it possibly be more than $100? The only thing that made him lose money is one counterfeit $100 bill.

 

[oldirtyku]

I am 0-2... NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

 

[levistep]

Think, people. Just think. How could it possibly be more than $100? The only thing that made him lose money is one counterfeit $100 bill.

I figured it out after the fact. I made a mistake at looking what other people wrote first.

 

[MIKEY.1TIME]

You can also solve this problem by pretending that the transaction with the neighbour never took place.

If the clerk already had 100 real dollars in his register and gave the con artist $81 in change plus a $14 DVD, he suffers a $95 loss.

That the neighbour is involved is just a trick to get you to account for the counterfeit money twice.

perfectly explained:aktion033

 

[RupertPupkin]

$195

 

[themanej2001]

It's $95. Think through it logically, people. He didn't lose anything to the other store owner. They settled up for exactly even. Since the bill was counterfeit, the customer gave him nothing, and he gave the customer $14 +$81. How could it be more than $100? The only thing that made him lose money was a counterfeit $100 bill. So anything over $100 is not possible.

No... Because he needed to pay back the store owned 100 dollars full because that is what he borrowed from him...


But all 100 was gone besides the 19 that he got from the sale... So 81 dollars was gone so he needed to find 81 more dollars to give to the guy +19 in the register...

So he had to give 100 to the store clerk because he didn't have it for change...

Plus he gave a guy 81 dollars who gave him 0 dollars since the bill was fake...

Plus the value of the DVD that he gave away was 14 dollars...

So he used the 19 dollars he got from the DVD Sale +81 more that he owed the store next door so that is 100 dollars...

And the guy walked out of the store with 81 dollars when he gave nothing... plus the value of the DVD which was 14 and he paid nothing for that either


SO 195

 

[themanej2001]

95 is the answer I'm an idiot...

Just finally realized it

 

[BigPIG19]

classic post about Bay Meadows

 

[BigPIG19]

either $133 or $214 i cant decide

 

[BigPIG19]

he lost 14 to replace movie --------->14
lost 100 to repay other store ------->100
didnt earn the 19 he should have --->19
133

gonna go with that

 

[Doug]

he lost 14 to replace movie --------->14
lost 100 to repay other store ------->100
didnt earn the 19 he should have --->19
133

gonna go with that

:monsters- :ughhh: :think2: :missingte uppy: