Sport Finance and Administration
Good Sport is a company that has recently released a new line of portable fitness equipment which they
call XtendSport. To make sure that the product is able to make it into
What are the main objectives of accounting for new organizations? Discuss each one:
1) The data should be collected to help plan for the programs future
2) The financial records must be kept in an orderly manner
3) An orderly and professional accounting m
What are the four main tricks that are legal but not necessarily honest in an audit?
Many companies play games with financial statements to present an interpretation of the data that
shows the company in the best light. It is the role of the auditor to ma
Discuss the two viewpoints of whether Television is free or is it not?
In response to the eight year $17.6 billion contract to broadcast NFL games on such popular channels as
ABC, ESPN, CBS, and FOX; CBS asked its affiliates to pay between $30 million and
According to Deschriver, Fried, & Shapiro (2008), companies must answer numerous questions
to make sure that raw materials are being used effectively. One question asks how effective the
management has been increasing the inventory turnover rate. Another
What are the advantages and disadvantages of going public?
The first step for any new corporation is deciding whether to go public. This decision can be very
expensive and time consuming.(DeSchriver, Fried, and Shapiro, 2008) Some of the advantages are th
Financial leverage ratios matter because they provide information about the extent that companies
rely on debt financing rather than equity financing (Deschriver, Fried, & Sharpiro, 2008). Companies with
high financial leverage ratios relative to other co
What are the trends in Stadium Financing?
Over the past 20 years there has been an explosion in the construction of professional sports stadiums and
arenas. There are several reasons for this trend in sports facility construction. As operating costs rise,
What are the advantages and disadvantages of general and limited partnerships? Explain why this
structure is good for a sport business?
A partnership is a business structure in which 2 or more individuals run a business equally and each own
an even percen
Discuss merger mania in the sporting industry and the issues with sports apparel blues:
Throughout the early 1990s the sporting goods industry sustained significant financial growth only to be
struck by a major downturn in the late 90s. Several manufactur
What are the six guidelines for selling a business? Discuss each on briefly.
Do not let employees know too early that you might be selling; this can affect employee moral:
All business go through rough times where the owner may consider selling the busi
According to Deschriver, Fried, & Shapiro (2008), there are six categories of the Cost-of-Sales
Questionnaire. These six categories include: material costs, direct labor costs, overhead costs, variances,
inventory related, and other (Deschriver et al. 200
Financial planning is important because it consists of examining the companys future income
and expenses to direct them in the future (Deschriver, Fried, & Shapiro, 2008). Along with directing the
companies for the future, financial planning also helps pr
What are the 5 Cs of Credit? Explain each one:
Character: Character refers to the applicants credit history and the applicants truthfulness.
Banks will check if the applicant disclosed all outstanding debt, listed any prior bankruptcy,
possess any favo
What are advantages and disadvantages of bond financing?
Individuals often do not realize how important it is to choose the right funding vehicle for a business. If
an owner makes a quick decision and the business has some poor years, the debt obligation
Analyze and discuss the three choices for using earnings in for-profit sport business?
1) Pay dividends to shareholders, if it is a share issuing business:
A dividend payment is made out of earnings, in the form f either cash or stock, to a business owner
What are the advantages and disadvantages of sole proprietorships? Explain why this structure might be
good for a sport business:
A sole proprietorship is a business that is owned by a single person. Some of the benefits of this business
structure are tha