Anyone who has been taught by Professor N D Nzomo must
have at one point when taking accounting 101 heard of the King’ero puzzle. He
narrates a story of three young men who had thirty shillings and went to King’ero
then……………… To be honest I can’t remember what he said. I never really took to
accounting. It just did not turn on my creative juices. So to remind me of the
puzzle I turned to my friend goggle and was able to trace the puzzle named the “Missing dollar
riddle’.
Three guests check into a hotel
room. The clerk says the bill is $30, so each {guest} pays $10. Later the clerk
realizes the bill should only be $25. To rectify this, he gives the bellhop $5
to return to the guests. On the way to the room, the bellhop realizes that he
cannot divide the money equally. As the guests didn't know the total of the
revised bill, the bellhop decides to just give each guest $1 and keep $2 for
himself. Each guest got $1 back: so now each guest only paid $9; bringing the
total paid to $27. The bellhop has $2. And $27 + $2 = $29 so, if the guests
originally handed over $30, what happened to the remaining $1?
Well
the Prof would go on and on and on and on on the missing one shilling. And my
feeble mind kept fleeing from the lecture theatre I never even got to know
where the one shilling went to. Then something happened to me the other day and
I really thought of that missing one shilling. I am one person who likes to
shop with a list on account of two things: I easily forget what I was going to
buy and the other is to try my best to be frugal. Retail therapy (impulse
buying) has been something I have found myself falling prey to so many times
and the list comes in handy.
On
this particular day, I wrote my list put it in the bag and went to buy the
items. The list was short but involved purchasing things in different parts of
Nairobi CBD. I purchased the things though two items were not available. I
accounted for the money when I got home, I noticed though I had the money for
the items I didn’t buy I could not account for KES 540=. And this is even after
checking and rechecking.
This
happens more than I would care to admit. After every shopping exercise there
always seems to be a leakage of some amount of money whether its KES 75/= or 157/=.
Some random amount every time would mean that at the end of the year then you
can account for say approximately (157*52=8,164/=) and this is just an average.
I
have had to learn the hard way. Purchase things as I tick the list and list the
price for everything as I shop not afterwards. Leakages of money include buying
the pair of shoes not planned for, a limited edition of a to die for top, snacks,
coffees, lattes, books and a host of items that make a sizeable hole in your
wallet. Slowly but surely am learning to solve my missing shilling riddle every
day.
Watch
your missing shillings closely; you might be shocked to action.
Sojourner.
By
the way the “Missing dollar puzzle” answer is
This is not a paradox (It still
is to me), and involves only the switching of subtraction for addition. Each
patron has paid $9 for a total of $27. The storyteller adds the $2 that the
bellhop pilfered, but he should have subtracted the $2 to make a total of $25
paid. So 3 × $9 = $27, which accounts for the $25 room and the $2 given to the
bellhop.
I love this theme better. One can access the archive better and the books shelf background makes you look like a msomi :-)
ReplyDeleteYaani I am almost ashamed to say i never attended a Nzomo class (going to check out the lecturer and walking out after 10min doesnt count). All i did was dub other peoples notes and calculations and exams too. I know i am supposed to feel some remorse for doing that but for some reason i dont. Mostly because of the fact that i dont think that guy taught anything i hadnt already learnt in CPA plus his cats and exams were exactly the same each year hence i dont feel like i missed anything in his class.
ANYWHO back to the main subject at hand, I noticed too that i dont seem to know where chunks of my income go to. You are lucky yours was just from shopping. So i resorted to accounting for every bloody penny i spend....hata kama i tipped a watchi at Choices i would write it down immediately i spent it. I was shocked to realize that up to 20K was totally unnecessary expenditure...the extra Tequila shots on friday night despite the fact that i was already high from my regular drink. the lettuce bought from the supermarket despite the fact that i would only make salad once and throw away the other big bunches. the loose enticing chocolate at the supermarket counter on my way out or even worse still the ice cream at Gelatos with the excuse that the heat is killing. the extra 5litres of fuel to use the car for errands that could have been done using other means like go pay a bill that could have been paid through mpesa or WALK to the shop or go for a drive on the pretense that am bored etc etc So from then on, i ask myself afew questions before spending....is it absolutely necessary and for the right reasons at that? is there a cheaper and more available option? am i going to regret it later? And the answers must be consistent with my laws of personal financial plan...or be thrown out of the window...yaani kwa dirisha!
Justine,Thank you for your comment.If Prof N D Nzomo found this out even today, he would go back and fail you somehow in Accounting 101.
ReplyDeletePlease seal that leaking wallet or it will sink your big income.
Regards,