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Started By
Message
re: Economics - How did this happen?
Posted on 7/13/20 at 7:57 am to stelly1025
Posted on 7/13/20 at 7:57 am to stelly1025
quote:
Actually he was minus 400 when he started ,because he was owed 200 and he owed someone else 200. H
Generally, accounts receivable aren't considered a minus.
0
Posted on 7/13/20 at 7:57 am to OleVaught14
quote:
He started $200 in the hole and ended $200 in the hole.
He started out owing 200 and being owed 200. Technically he’s even, but the debits and credits hadn’t actually been settled. They’re still line items to be reconciled. He ended owing and being owed nothing. That’s all that happened. His status didn’t change and neither did his debt ratio.
This post was edited on 7/13/20 at 7:59 am
Posted on 7/13/20 at 8:00 am to stelly1025
quote:
The owner is actually out 200.
Out $200 he paid the meat supplier for meat. He’s not out anything. The mistress gave him $200 for providing a room and he gave the meat supplier $200 for meat.
Posted on 7/13/20 at 8:18 am to go ta hell ole miss
quote:
Out $200 he paid the meat supplier for meat. He’s not out anything. The mistress gave him $200 for providing a room and he gave the meat supplier $200 for meat.
He is given 200 for a deposit then he pays the meat supplier for his service. This means the meat supplier got his money. So that debt is settled ,but what the owner has done is spent the deposit so the deposit is gone. So if the customer decides to change his mind which he did than he is owed his 200 back by the owner. The owner transferred one debt that was owed to a potential debt that may be owed. So at this point he is still -200 and than paid by the lady the +200. So the owner is at 0 when the customer pays him. Then when the man changes his mind the 200 has to be paid so the owner is out 200.
Posted on 7/13/20 at 8:24 am to stelly1025
Some people need a basic economics lesson. This isn’t complicated
This post was edited on 7/13/20 at 8:26 am
Posted on 7/13/20 at 8:31 am to Breesus
quote:
Some people need a basic economics lesson. This isn’t complicated
Stelly has dug in his heels at this point. Soon he'll be bringing up the unpaid electrical bill and the fact that the prospective renter turned on the light causing a further debt. Also the note on the hotel has some balance so actually the hotel owner started out in the hole by 148,200.74. Then there is his jock itch meds he needs for a future debt.....
Posted on 7/13/20 at 8:34 am to Ricky1962
Basic business and confirms that cash flow is king.
By obtaining $200 at no cost the wheels are in motion.
Every provider of goods and services was able to cover the invoice and make the profit margin.
When the money came back to the “lender” he received no benefit from having loaned it. This is the ideal situation for any business, having free cash available makes a business go. In real life the bank makes a piece and the loser is whomever in this chain had to borrow in order to make the cash flow begin
By obtaining $200 at no cost the wheels are in motion.
Every provider of goods and services was able to cover the invoice and make the profit margin.
When the money came back to the “lender” he received no benefit from having loaned it. This is the ideal situation for any business, having free cash available makes a business go. In real life the bank makes a piece and the loser is whomever in this chain had to borrow in order to make the cash flow begin
Posted on 7/13/20 at 8:38 am to stelly1025
quote:
So at this point he is still -200 and than paid by the lady the +200. So the owner is at 0 when the customer pays him. Then when the man changes his mind the 200 has to be paid so the owner is out 200.
Seriously? The owner was given $200 by the potential customer and $200 by the mistress for services rendered. That’s $400. He paid $200 for meat and gave $200 back to the former potential customer. The owner was never -$200. At worst, he was net $0 because he owed $200 for meat, was owed $200 for providing a room to the mistress. At best he simply had a $200 unearned potential income for the time potential buyer prepaid for services. The owner was never -$200.
Posted on 7/13/20 at 8:46 am to 75503Tiger
I disagree that each provider made the profit margin (unless the idea is that their profit margin was 0).
Granted that’s based on the assumption that there were no other customers than who was listed in the problem statement.
The meat vendor: Sold $200 in meat to a hotel, that he bought from the butcher for....$200. This guy just provided his own labor for free.
The whore, well she charged the butcher $200 for her services - except her cost of doing business was $200 for the hotel room. Hopefully the whore ran 8 guys in and out of the room for $200/each that night - but then why not settle up front?
Granted that’s based on the assumption that there were no other customers than who was listed in the problem statement.
The meat vendor: Sold $200 in meat to a hotel, that he bought from the butcher for....$200. This guy just provided his own labor for free.
The whore, well she charged the butcher $200 for her services - except her cost of doing business was $200 for the hotel room. Hopefully the whore ran 8 guys in and out of the room for $200/each that night - but then why not settle up front?
Posted on 7/13/20 at 8:51 am to Ricky1962
Only the bourgeois can afford suites.
We should redistribute the wealth of this man so that we all can be equal.
Once we reach the point of full equality, suites will only be available for party members, like myself.
We should redistribute the wealth of this man so that we all can be equal.
Once we reach the point of full equality, suites will only be available for party members, like myself.
Posted on 7/13/20 at 9:01 am to Ricky1962
(no message)
This post was edited on 7/24/20 at 8:54 am
Posted on 7/13/20 at 9:27 am to Ricky1962
Congrats. Now you understand the gdamn stock market. Its a zero sum game.
Posted on 7/13/20 at 10:00 am to Ricky1962
I'm sure it's been stated. But nothing happened.
The community is still short $200.00. No wealth was gained, status quo remains the same. And they wait for the next injection somewhere in the chain to keep the charade up.
Edit: Goddamn a lot of people treating a simple Economics question with accounting in here.
The community is still short $200.00. No wealth was gained, status quo remains the same. And they wait for the next injection somewhere in the chain to keep the charade up.
Edit: Goddamn a lot of people treating a simple Economics question with accounting in here.
This post was edited on 7/13/20 at 10:14 am
Posted on 7/13/20 at 10:34 am to Ricky1962
quote:
The potential guest has his $200, the meat man has his $200, the butcher has his $200, the mistress has her $200 and the hotel owner has his $200.
This is not true. They all had debt owed but none are still holding the money. And it’s not a realistic scenario because the meat supplier would charge more for the steaks to the hotel than he paid the butcher, and the woman would charge more than the cost of the room for her services.
Posted on 7/13/20 at 10:40 am to ZappBrannigan
quote:
But nothing happened.
Wrong. At It's essence, the hooker rented the room for the night for 200 bucks and paid the man. A transaction happened. All the rest is just a distraction.
Posted on 7/13/20 at 11:48 am to LCA131
Where did the pie get bigger or shrink then?
The community gained nothing. The whole thing is a distraction. $200.00 enters the community. $200.00 leaves just as quick. Where is the Wealth? Is the community better or worse off?
This is one of the first speeches you get in the Economic course focused on banking. This is where this comes from. It's oversimplified to both explain the state of the pie and to show the forest while accounting and finance students focus on the trees.
It's a litmus test for do you understand what's being said here.
Pull back the covers on your eyes and really see it instead of cashflowing it. Because the cash obviously doesn't flow, or generate, or remain. And ask the real question being prodded at. How does one gather wealth then?
The community gained nothing. The whole thing is a distraction. $200.00 enters the community. $200.00 leaves just as quick. Where is the Wealth? Is the community better or worse off?
This is one of the first speeches you get in the Economic course focused on banking. This is where this comes from. It's oversimplified to both explain the state of the pie and to show the forest while accounting and finance students focus on the trees.
It's a litmus test for do you understand what's being said here.
Pull back the covers on your eyes and really see it instead of cashflowing it. Because the cash obviously doesn't flow, or generate, or remain. And ask the real question being prodded at. How does one gather wealth then?
Posted on 7/13/20 at 12:19 pm to Ricky1962
Colonel Mustard deflowered Miss Plum in the boodwah.
ETA: And you think the hotel manager would let a whore have a room for no payment when he wouldn’t let the first guest see it without a full deposit?
ETA: And you think the hotel manager would let a whore have a room for no payment when he wouldn’t let the first guest see it without a full deposit?
This post was edited on 7/13/20 at 12:23 pm
Posted on 7/13/20 at 12:30 pm to LSUtoBOOT
Also Yvette
Don't look up Colleen Camp. It'll only make you sad.
This post was edited on 7/13/20 at 12:46 pm
Posted on 7/13/20 at 12:53 pm to ZappBrannigan
No doubt, she hit a wall going from 60 to zero, very likely a wall of Hostess snacks.
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