This is one (of several) reasons why I am currently NOT doing so well in grad school:
"Barnes & Noble purchases CDs from record companies and they can't be returned. They purchased 18,000 copies of K-Fed's album 'Playing With Fire' for $11. The retail price was $16. Almost 13,000 CDs did not sell. Barnes & Noble would need to sell the remaining CDs for about $9 to break even overall. True or false?"
Now, ignoring the fact that this is actually probably the easiest problem I've encountered in grad school thus far... SERIOUSLY? You expect me to FOCUS when I'm given problems about K-Fed not selling albums?!?! Omg. Ridiculous.
Another example:
"On 4/10/09 my son was home from school and cleaned out his room for once. He found a $25 gift certificate I had purchased forh im as a birthday gift on 6/13/07 from AMC Theaters. The gift certificate expired 12 months from the day of purchase. What is the accounting treatment on 6/13/07, FYE 12/31/07, and 6/13/08?"
Okay. All I'm thinking is, "omg, what an ungrateful child. He just made you waste $25. It's not like he DIDNT go to the movies during that year... he clearly just forgot you bought it for him. That's so sad." Like... am I thinking, "hmm, this is probably unearned revenue for the first 12 months..."? No. No I am not. I am thinking about Dave Williams' ungrateful son.
In other news, in a completely unrelated class (tax) I got my first ever zero. On a quiz I legitimately studied for. And it's worth 5% of my grade.
Ohhhh grad school.
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