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Dec 30th, 2023
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 Re: Since The First Profit Quizz Was So Fun
[Re: TexDawg]
#12435644
09/21/17 05:34 PM
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Joined: Jan 2007
Posts: 14,628
Happykamper
TFF Guru
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TFF Guru
Joined: Jan 2007
Posts: 14,628 |
How much gas was in it when he sold it the first time, bought it back the second time and sold it the third time ? 
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Re: Since The First Profit Quizz Was So Fun
[Re: Nocona Brian]
#12435674
09/21/17 05:49 PM
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Joined: May 2016
Posts: 312
BASS GURU
Angler
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Angler
Joined: May 2016
Posts: 312 |
It depends on how much he paid for it when he originally bought it. More info please.
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Re: Since The First Profit Quizz Was So Fun
[Re: BASS GURU]
#12435677
09/21/17 05:51 PM
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Joined: Nov 2010
Posts: 12,094
Urban Fisher
TFF Guru
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TFF Guru
Joined: Nov 2010
Posts: 12,094 |
It depends on how much he paid for it when he originally bought it. More info please. It's actually rather easy. Dave and Mark ride scooters...If you add that together it equals Broken Back Mountain II, the sequel.
Jane says I've never been in love - no
She don't know what it is
She only knows if someone wants her
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Re: Since The First Profit Quizz Was So Fun
[Re: Nocona Brian]
#12435689
09/21/17 05:56 PM
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Joined: Sep 2005
Posts: 27,566
Uncle Zeek
aka "Dad"
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aka "Dad"
Joined: Sep 2005
Posts: 27,566 |
What color crocs was Mark wearing?
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
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Re: Since The First Profit Quizz Was So Fun
[Re: Nocona Brian]
#12435735
09/21/17 06:22 PM
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Joined: Jul 2007
Posts: 50,873
Trickster
Super Freak
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Super Freak
Joined: Jul 2007
Posts: 50,873 |
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435746
09/21/17 06:27 PM
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Joined: Sep 2009
Posts: 12,409
karpbuster
TFF Guru
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TFF Guru
Joined: Sep 2009
Posts: 12,409 |
I assume the scooter was fully depreciated, made $100, bought it back for $80, profit is at $20 sells it for $90 total profit is $30.
"Love is something more stern and splendid than mere kindness."
"All that we call human history--money, poverty, ambition, war, prostitution, classes, empires, slavery--[is] the long terrible story of man trying to find something other than God which will make him happy." � C.S. Lewis
C.S. Lewis
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435793
09/21/17 06:59 PM
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Joined: Apr 2004
Posts: 5,403
bassfishinglawyer
TFF Celebrity
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TFF Celebrity
Joined: Apr 2004
Posts: 5,403 |
Was there any seller financing involved on the first or 2nd sale? If so, what were the attorney's fees and the UCC financing statement filing fees?
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435817
09/21/17 07:13 PM
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Joined: Feb 2004
Posts: 28,418
Okie Poke
TFF Guru
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TFF Guru
Joined: Feb 2004
Posts: 28,418 |
😎 Dallas Cowboys....eventual Superbowl Champions 😎
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435828
09/21/17 07:22 PM
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Joined: Oct 2004
Posts: 38,931
chickenman
1:28
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1:28
Joined: Oct 2004
Posts: 38,931 |
Mark is a pretty awesome name.
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435829
09/21/17 07:23 PM
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Joined: Feb 2006
Posts: 3,769
bronco71
TFF Team Angler
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TFF Team Angler
Joined: Feb 2006
Posts: 3,769 |
1987 Nitro MX185/Mercury Black Max 150
1999 Triton TX21/225 Mercury Optimax
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12435885
09/21/17 08:03 PM
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Joined: Mar 2008
Posts: 61,036
LoneStarSon
Private Dancer
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Private Dancer
Joined: Mar 2008
Posts: 61,036 |
Assuming the scooter was fully depreciated, then David's initial profit was $100. David then took that $100 and spent $80 on the same bike. His investment in the bike is now $80. He turns around and sells it for $90. His profit is $10.
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Re: Since The First Profit Quiz Was So Fun
[Re: chickenman]
#12435901
09/21/17 08:09 PM
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Joined: Jan 2004
Posts: 72,497
Mark Perry
Super Freak
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Super Freak
Joined: Jan 2004
Posts: 72,497 |
Mark is a pretty awesome name. Unless you ride a scooter....then it just makes you French.
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Re: Since The First Profit Quiz Was So Fun
[Re: Nocona Brian]
#12436266
09/22/17 01:01 AM
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Joined: Mar 2003
Posts: 13,594
SteveHummert
pawpaw
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pawpaw
Joined: Mar 2003
Posts: 13,594 |
Assuming the scooter was fully depreciated and his cost was zero when he sold it to David, the net profit was $110.00
Sold it twice....$100.00 + 90.00 = 190.00 in sales
Bought it once ......$80.00 in cost
Difference is $110.00 gross profit
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