Question In January, DropoutEdu sold and delivered $100 worth of textbooks to customers. But, the customers only need to pay cash for the purchase in February. Assuming a 25% tax rate, how much would DropoutEdu report in earnings in February? Answer Answer: 0 Explanation: Cash is irrelevant to income statement earnings. The goods were transferred in January, so it does
We’re in sandbox mode. As young people, we have the benefit of being able to fail. And fail multiple times. We are only limited by the level of our ambition and effort. The beauty is that if we fail there is a lot less to lose. As we grow older the stakes rise. Friends. Family. Career. Mortgage. Student loans. Health.
Key Events 👉Sony and Apollo Offer Paramount $26B Sony and Apollo submitted a $26B joint bid to acquire Paramount Global on Wednesday. This development comes as Sony and Apollo seek to challenge the existing deal that Paramount has been negotiating with Skydance Media. Investors and analysts are closely watching this situation, as a successful bid from Sony and Apollo could
I just ran 10 miles. But, I didn’t get the dopamine I wanted. Today was my last day of exams. So, I wanted to get some fresh air. Decided to go on a run. Thought it would be 5-6 miles. But, my 3:30 and 4:30 chats got dropped. So I kept running. The run was great. Lots of sun. Birds
It’s officially May! Key Events 👉The Fed holds rates and reduces treasury bond sales The Federal Reserve maintained its current interest rate levels, citing lack of further progress towards bringing down inflation levels. This decision comes after a disappointing inflation report in March, which prompted investors to lower their expectations of rate cuts, now expecting just one this year. The
What happens if we increase the deviation in our work? No, not quality. What happens if we only work for free? Only work for ultra premium services? Recently, I was listening to a Tim Ferris interview. And one thing resonated with me– Tim only does things that are free or ultra-premium. No in between. If it is– he’s not touching
If Apple had a massive investment in WeWork debt, what would happen? Given that WeWork just exited chapter 11. The underlying question– How do unrealized gains or losses affect the financial statements? Well, I would hope that Apple was more sophisticated than me. And did not get carried away in the WeWork hype. So, say, the WeWork debt is still
Key Events 👉 WeWork set to emerge from Chapter 11 bankruptcy WeWork has reached an agreement with its senior creditors to exit from bankruptcy after filing in November 2023. On Monday, the company and its major financial backers finalized a settlement plan that involves a cash infusion of $450M funded by SoftBank (a key backer behind WeWork’s once $47B valuation).
If there is one thing that I’m going to be mad at, it’s not that I showed up each day with imperfect work, rather that I didn’t show up. A thought that I have frequently is– I wish I started this 5 years ago. I would be so far if I had. You know how it goes. The best day
Republic First (not First Republic) collapsed last Friday. Does this mean that banks are investing too aggressively in speculative assets? Not exactly. The bank under normal circumstances would not collapse. The reason that the peer banks collapsed was because of multiple dominos falling. First, we need to understand the business model of banks. Borrow short, lend long. What do I
