the corporate objectives associated with sponsorships and partnerships in the sport industry. These objectives are:
1. Generating media benefits
2. Showcasing unique product features, technologies, or advantages
3. Achieving sales objectives
4. Creating exclusivity
5. Gaining opportunities in hospitality and entertainment
6. Securing entitlement or naming rights
For each of the objectives listed above:
In: Operations Management
Personal Budget
At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
| Cash balance, September 1 (from a summer job) | $6,000 |
| Purchase season football tickets in September | 150 |
| Additional entertainment for each month | 250 |
| Pay fall semester tuition in September | 3,500 |
| Pay rent at the beginning of each month | 450 |
| Pay for food each month | 400 |
| Pay apartment deposit on September 2 (to be returned December 15) | 450 |
| Part-time job earnings each month (net of taxes) | 1,300 |
a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.
| Priscilla Wescott | ||||
| Cash Budget | ||||
| For the Four Months Ending December 31 | ||||
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| Part-time job | $ | $ | $ | $ |
| Deposit | ||||
| Total cash receipts | $ | $ | $ | $ |
| Less estimated cash payments for: | ||||
| Season football tickets | $ | |||
| Additional entertainment | $ | $ | $ | |
| Tuition | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Plus cash balance at beginning of the month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
In: Accounting
| Little Leaguers | Summer Sluggers | Elite Ballplayers (Print Ad) | Elite Ballplayers (Party) | Entertainment Seekers | |
| Contact Cost | ¥1,000 | ¥1,500 | ¥300 | ¥12,500 | ¥50 |
| Response Rate | 10.0% | 15.0% | 0.5% | 25.0% | 2.5% |
| Acquisition Cost | ??? | ??? | ??? | ??? | ??? |
| Workers Needed | 2 | 1 | 1 | 1 | 2 |
| Worker Labor Cost | ¥1,500 | ¥1,500 | ¥1,500 | ¥1,500 | ¥1,500 |
| Instructors Needed | 1 | 0 | 1 | 1 | 0 |
| Instructor Hourly Labor Cost | ¥3,000 | N/A | ¥4,500 | ¥4,500 | N/A |
| Total Cost Per Hour | 10,000 | 10,000 | 60,000 | 50,000 | 2,000 |
| Hourly Price Charged | ¥6,500 | ¥3,000 | ¥7,500 | ¥7,500 | ¥4,000 |
| Hourly Margin ¥ | 500 | 1,500 | 1,500 | 1,500 | 1,000 |
| Hourly Margin % | 8% | 100% | 25% | 25% | 33% |
| Annual Hours | 10.0 | 4.0 | 20.0 | 20.0 | 1.5 |
| Annual Margin ¥ | 5,000 | 6,000 | 30,000 | 30,000 | 1,500 |
| Retention Rate | 75.0% | 50.0% | 60.0% | 60.0% | 35.0% |
| Interest Rate | 10.0% |
without discounting cash flows to take into account the time value of money, how soon will MBC break even on the following customers? I all cases, assume that revenues and variable cost to staff the cages occur on an ongoing basis but that the acquisition costs are a one-time event.
a. Little Leaguer b. Summer Slugger c. Elite Ballplayer (print ad) d. Elite Ballplayer (party) e. Entertainment Seeker
In: Accounting
At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
| Cash balance, September 1 (from a summer job) | $6,470 |
| Purchase season football tickets in September | 90 |
| Additional entertainment for each month | 220 |
| Pay fall semester tuition in September | 3,500 |
| Pay rent at the beginning of each month | 310 |
| Pay for food each month | 180 |
| Pay apartment deposit on September 2 (to be returned December 15) | 400 |
| Part-time job earnings each month (net of taxes) | 800 |
a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
| Craig Kovar | ||||
| Cash Budget | ||||
| For the Four Months Ending December 31 | ||||
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| Part-time job | $ | $ | $ | $ |
| Deposit | ||||
| Total cash receipts | $ | $ | $ | $ |
| Less estimated cash payments for: | ||||
| Season football tickets | $ | |||
| Additional entertainment | $ | $ | $ | |
| Tuition | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Plus cash balance at beginning of month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
In: Accounting
Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $6,350 Purchase season football tickets in September 90 Additional entertainment for each month 220 Pay fall semester tuition in September 3,400 Pay rent at the beginning of each month 310 Pay for food each month 170 Pay apartment deposit on September 2 (to be returned December 15) 400 Part-time job earnings each month (net of taxes) 790 a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. KATHERINE MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $ $ $ $ Deposit Total cash receipts $ $ $ $ Estimated cash payments for: Season football tickets $ Additional entertainment $ $ $ Tuition Rent Food Deposit Total cash payments $ $ $ $ Overall cash increase (decrease) $ $ $ $ Cash balance at beginning of month Cash balance at end of month $ $ $ $
In: Accounting
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87. Eloise is a sales representative for a video production company. While at an exposition, she incurs $2,000 in entertainment expenses and $1,200 for meals. The expenses occur while she is discussing business and Eloise makes an adequate accounting to her employer and is reimbursed $1,200. How much may Eloise deduct if her AGI is $40,000?
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88. Brees Co. requires its employees to adequately account for all reimbursed business expenses. Tracy, an employee of Brees Co. has AGI of $50,000 and submitted for reimbursement the following valid business expenses:
What are the tax consequences if Brees reimburses Tracy $2,400?
The questions are from test bank 2016. With the current tax law, are these answers still correct?? I want to know the updated answers, thanks! |
In: Accounting
Discuss the trends in the revenue for McDonalds. Is this a problem?
In: Finance
2/ impact in the equity of revenue and expenses
In: Accounting
In: Economics