This is the same way I was thinking. Only looking at the money.
Come in and test your knowledge brehs
Blackrogue
Superstar
CarbonBraddock
You will be trolled
negged, don't ever disrespect my african heritage like that
i got it off of social media dikk head, but you seem familiar with the forum/whatever the fukk link you posted, why you lurkin' those pages beloved?
yeah sure you did. you got it off there within 10 minutes of the other thread being posted.
I hate these smartass questions.
Do you mean how much the owner wound up losing after he got the 100 back or how much he lost in total?
If it's the former, then it's $60.
Do you mean how much the owner wound up losing after he got the 100 back or how much he lost in total?
If it's the former, then it's $60.
That is the only way that I could look at it, because he didn't give us the original costs of the goods.
Blackrogue
Superstar
Yeah theres always that opportunity cost. Personally i separate my profit from capital and cycle capital over and over in the business. Realistically what ive lost is the 30 dollars and my ability to repurchase what i was going to wholesale for 70.
So overall ive lost either (a) 100 that i could have on one spectrum.. Or (b) I've lost 30 plus those products i gave out. Id rather lose B
$100
I_Got_Da_Burna
Superstar
Well, it depends on how much the goods were originally purchased for in acquisition. Obviously, items are marked up in the store so this one, in a real-life scenario, cannot be answered.
From a debits and credits perspective, this is the line of thinking:
D: debit (stolen cash) = -$100
C: credit (sale) = +$100
D: debit (change back to thief) = -$30
So worst case, he lost $30 + the wholesale cost of the items he sold to the thief
From a debits and credits perspective, this is the line of thinking:
D: debit (stolen cash) = -$100
C: credit (sale) = +$100
D: debit (change back to thief) = -$30
So worst case, he lost $30 + the wholesale cost of the items he sold to the thief
If you took the thief to court and got restitution for the loss you took.
The thief would pay you $ 100.
Blackrogue
Superstar
True. I said 100 dollars. But i also said what you lost to continue your business is 30 dollars plus cost of goods you bought to break even and not be in the loss column. And at that point it wouldn't necessarily be breaking even because I'd have operating costs
Plus what if the court said to the theif give back the 30 plus goods you were sold. He'd have essentially given you back everything.. What if goods he bought for 70 were only worth 5 dollars?
2
Let me be devils adovocate. What if you theoretically started the day with 5 dollars worth of product to be sold for 70 and 100 dollars cash.
You needed 105 dollars to get started
You hoped to make 170 dollars and a profit of 65 dollars
You end up with 70 dollars in your register and no product
What you lose? If you go by what you started with and ended its 30 dollars plus cost of goods 5 dollars becomes : 105-70=35
If you go by what you expected to make its 170- the 70 in the drawer =100
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Break it up into parts.
1. He looses $100 to theft. Whether or not the person pays with the same $100 is irrelevant, it could even be a different person. He lost $100 to theft period.
2. He sells $70 worth of good and receives $100 back. He is now gained 30 dollars so he is at a net -$70
3. He gives $30 in change. He is now back at -$100.
-$100 is the only answer
1. He looses $100 to theft. Whether or not the person pays with the same $100 is irrelevant, it could even be a different person. He lost $100 to theft period.
2. He sells $70 worth of good and receives $100 back. He is now gained 30 dollars so he is at a net -$70
3. He gives $30 in change. He is now back at -$100.
-$100 is the only answer
Not really relevant imo but what can a store owner purchase for 5$ and resell for 75$? Heroin?
The court couldn't order the thief to
Pay back the 70$ in goods because purchased the goods fair and square. The robber could have had a 500$ on him already before he hit the lick and just paid with some of that.the only theft that occurred was ripping off the Benjamin out the register.
The thief was actually being nice by purchasing the 70$ in product. he could have just bounced with the money out the register and not supported the stores business by purchasing product.