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I bow to the math wizard but I think it is only $100. $100 cash was taken and given back in exchange for $70 of goods and $30 in cash. Net loss to store is $100 in my simple way of thinking.

What's his actual cost of the $70 in goods sold? If the cost was $20, he lost $50 pus some opportunity cost.

OK. That settles it. This thread has set a new record for diversions. It has now chased more rabbits than my dad's old redbone hound dog did in his entire life.

A guy walks into a bar, orders 12 shots and starts drinking them as fast as he can. The bartender asks, "Dang, why are you drinking so fast?" The guy says, "You would be drinking fast, too, if you had what I had." The bartender asks, "What do you have?" The guy says, "75 cents."

Ah, you're right. I forgot they got the $100 bill back.Comes from answering while I was dealing with a question from my assistant. Missed a crucial bit. I stand corrected!

While we're on the subject of unwanted paper, if any clients leave paper in your office that you don't want lying around, I'll volunteer to dispose of it. Especially if it's green in color and has pictures of presidents on it.

Cost of Room =$30. After returning $5, Cost = $25. After $2 tip, cost = $27 or $9/each. Remaining $3 is split up.

I frequently have to remind my bookkeepers to think of each transaction separately and don't relate them to other transactions. Here we have a $100 theft. Any transactions that happen after than, other than simply returning the stolen $100, has no effect on the initial transaction.

I did sound for a play called "Other People's Money" and this was one of the songs I used for pre-show music:

Three friends on a fishing trip check into a cheap hotel. The room costs $30, so each pays $10. Later the desk clerk realizes he should only have charged $25 for the room, so he takes $5 back to the room. They can't figure out how to split the $5, so they decide to tip the clerk $2, and each of them keeps $1, meaning they each paid $9 each for the room. So since $9 x 3 = $27 and then you add $2 for the tip, you now have $29. They originally paid $10 x 3 = $30. What happened to the other $1?

Yes but we mostly use them to clip envelopes to payment vouchers. Gotta get those clients into using Direct Pay.

A lady walks into a store and steals $100 from the cash register, later on during the day she walks back in and buys $70 worth of merchandise, pays with the $100 she had previously stolen and the owner gives her $30 in change. How much did the store lose? A 30 B 70 C 100 D 130 E 170 F 200

$200 - unless you want to get finicky and say that they did not technically "lose" the foregone profit on the $70 of goods, but rather just the COGS. Except I'd counter that they also lost the profit on those goods for not selling them to a non-crook. Yeah, they got $70 in cash back - in exchange for the same value of goods. Whether it's cash or goods, the value is still gone.

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Aw, okay; you've got a point and I yield. If it saved $3K, then I'd Just curious, but are there any paper clips in your office? Regards, Pop

Oh, yeah, baby....

I know. All accountant types are/were addicted to office supplies. Just think how excited you get with a free highlighter! You know it's true. But... I'd rather have that 3 grand at the end of the year. Oh, and I love you too! <mwah>

Abby, you know I love you. And I'm just a "mom" organization. But I love file folders, sharpies, labels, sticky notes. I also spent a good chunk on hum dinger presentation folders and it makes me happy. It makes me happy to pull out a file when a client comes in with a question, and I can show them my notes of the phone call we had a month ago that might as well have been with Kim the Young'Un cause they recall ZERO of what we discussed. There's room for all us. Merica. (I'm also not deleting my data files and am not sure how that rumor got started...)

Square works well and even though they say it takes a few day, the money is in my account the next business day.