Posts Tagged: net worth

How to lose $6.9 Billion with a B!

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According to Forbes, the net worth of the world’s wealthiest woman, Francoise Bettencourt Meyer fell greatly on Friday as shares of L’Oreal, the French beauty company, registered their worst single-day performance since the Great Recession. Questions: Source: Derek, Saul (2024) World’s Richest Woman Loses $7 Billion On L’Oreal’s Worst Day Since 2008. MSN.com (Retrievable online at… Read more »

Virgin Orbit Files for Bankruptcy

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, the satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January. Questions: Source: Granville, K. (2023) Virgin Orbit Files for Bankruptcy After Failed Launch and Lack of Funding. The New York Times, April 4 (Retrievable… Read more »

What’s Redlining?

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According to the Washington Post, there is a legacy of systemic racism that our government created and in many ways still isn’t doing enough to eradicate. Questions Based on the article, how would you briefly explain redlining? By what percentage are equivalent Black homes in neighborhoods similar to white neighborhoods undervalued? What is the key… Read more »

Money for Climate Change

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Jeff Bezos announced on Instagram today that he is giving about 7.7% of his $130 billion net worth to launch the Bezos Earth Fund. Questions: According to the article, what role did Amazon employees have in this move? How much in total dollars is he committing? By 2040, what is Amazon’s pledge? Source: Harrington, R…. Read more »

A Mysterious Amount of Net worth!

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In 2012, Forbes dropped J.K. Rowling after eight years on its authoritative billionaires list, saying high British taxes and large charitable contributions had eroded her fortune. Questions: 1. Why should Forbes rethink that? 2. If Rowling gets equivalent of Universal Studios Park ticket sales equal to Spielberg, how much of that would a $100 ticket… Read more »

Remember: Cash is King!

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According to McClatchy News, one in three buyers of U.S. homes is paying cash, which is a record high number. Florida topped all states for all-cash home sales, at 55 percent of cash sales during the first three months of this year. That’s on a par with 54 percent for all of last year and… Read more »