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How smart are you ? Riddle me this !

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    #76
    at least there's a little entertainment this evening

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      #77
      Originally posted by Shane View Post
      She owes them $100, but her theft didn't actually cost them that much.

      This is why accounting is an art and not a science. It all depends on which method of counting you are using.

      We're both right.
      It did cost them $100. $30 plus cost of goods plus profit

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        #78
        Last word tonight. The gas station on the corner works on a 15% profit margin on their gas and 100% profit on everything else.
        My company runs on a steady 60 % profit margin.

        This is a BS question..............

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          #79
          Originally posted by Shane View Post
          She owes them $100, but her theft didn't actually cost them that much.

          This is why accounting is an art and not a science. It all depends on which method of counting you are using.

          We're both right.
          No. The theft cost them $100. Thats why it's what she owes them.

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            #80
            Originally posted by clayg08 View Post
            a lady walks in a store and steals a $100 bill from the register without the cashiers knowledge. The lady returns 5 minutes later and buys $70 worth of merchandise with the stolen $100 bill. The cashier gives the lady $30 back in change.

            How much did the store lose ?

            A. $30
            b. $70
            c. $100
            d. $130
            e. $170
            f. $200
            f) $200

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              #81
              Originally posted by RLB View Post
              I'm sure glad 90% of you guys aren't my accountant. They lost $100.00....period. Nothing else matters.
              Yep! ^^^

              Comment


                #82
                Answer they're looking for is probably $100. But it'seems really a little less depending on the store's profit margin on the $70 worth of goods. The store really onlyou lost $30 plus whatever the goods actually cost the store.

                Of course, there is also the value of the time lost by employee gossip about the theft and time spent working with the police. So probably much more than $100!

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                  #83
                  Store lost $100 -- The $100 bill can't be replaced in the register; it's just gone and unaccounted for. The fact that a legit transaction occurred in the form of a sale of $70, with $30 change means nothing because the original $100 still will be missing from the till when all the day's transactions at that register are reconciled.

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                    #84
                    Originally posted by Txbownut View Post
                    200
                    I wanna hear how the$200 guys came up with their answer.

                    Comment


                      #85
                      Originally posted by boh347 View Post
                      70 in stolen merchandise and that 30 bucks
                      I agree - $100 total.

                      Comment


                        #86
                        Some of these answers make me sad for America lol


                        Sent from my iPhone using Tapatalk Pro

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                          #87
                          So, let me pose this question. What if the lady had shoplifted $100 worth of goods and wasn't caught. Are y'all saying the store owners lost nothing just because their register balanced at the end of the day ? We have info that the store owner does not have. That's what's misleading about the scenario.

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                            #88
                            $100.

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                              #89
                              How can this be so difficult for some? Smh.

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                                #90
                                $100. They are out the original $100. If she used a stolen hundred or a hundred next to it in her purse the merchandise transaction is accounted for.


                                Sent from my iPhone using Tapatalk

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