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Zara Owner Ortega Has Built a $17 2B Real Estate Empire

Ortega owns about 59 percent of the company, which has a $103 billion market cap. Today, the company includes brands like Bershka, Massimo Dutti, Pull&Bear and Stradivarius. A spokesperson for Mr Ortega says the scale of his success has rather taken the company’s founder by surprise. Mera, a trained psychologist, lives in the same coastal… Continue reading Zara Owner Ortega Has Built a $17 2B Real Estate Empire

Zara Owner Ortega Has Built a $17 2B Real Estate Empire

Ortega owns about 59 percent of the company, which has a $103 billion market cap. Today, the company includes brands like Bershka, Massimo Dutti, Pull&Bear and Stradivarius. A spokesperson for Mr Ortega says the scale of his success has rather taken the company’s founder by surprise. Mera, a trained psychologist, lives in the same coastal… Continue reading Zara Owner Ortega Has Built a $17 2B Real Estate Empire

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Financial System Overview, Components, Example

Supervisory authorities enforce these regulations and monitor banks to ensure compliance. Central banks are responsible for implementing monetary policy and overseeing the stability and functioning of the financial system. They also act as lenders of last resort to ensure liquidity during times of crisis. Insurance is another important subsector of the financial services industry. Overall… Continue reading Financial System Overview, Components, Example

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Capitalized Cost: Definition, Example, Pros and Cons

However, some larger office equipment may provide a benefit to the business over more than one accounting period. An amount spent is considered a current expense, or an amount charged in the current period, if the amount incurred did not help to extend the life of or improve the asset. In contrast, if Liam had… Continue reading Capitalized Cost: Definition, Example, Pros and Cons

Unlocking the Power of a Multi-Step Income Statement: Must-Know Tips

The single-step income statement is easier to prepare and provides the information you need. Because gross profit focuses only on sales revenue and cost of goods sold, business owners have a better idea about how profitable their core business operation really is. In contrast to a multi-step income statement, the Dana Incorporated income statement is… Continue reading Unlocking the Power of a Multi-Step Income Statement: Must-Know Tips

A Beginner’s Guide to Rental Property Bookkeeping

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