FREE Trial

Assume you are a manager for a major league sports team working with an athlete that has a Nike endorsement

This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Question:

Assume you are a manager for a major league sports team working with an athlete that has a Nike endorsement deal. You have valued this player at $10 million per year and are prepared to offer a contract. However, the player feels that since they have an endorsement deal with Nike there is value in THAT for the organization. Could there be value for the organization? Why or why not? As a manager how might that be measured and quantified?

Expert Answer:

Answer rating: 100% (QA)

Yes there could be value for the organization if the athlete has an endorsement deal with Nike The e View the full answer


answer-question
Related Book For  answer-question
Advanced Accounting

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Posted Date: April 10, 2023 04:18:22
See More Questions

Students also viewed these finance questions

Q:
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
A:
UNDER ARMOUR EVALUATION Under Armour was founded in 1996 by current CEO Kevin Plank As an athletic apparel retailer Under Armour focuses its products and marketing efforts towards men women and youth......
Q:
A group of five successful business people were awarded the franchise for one of two new expansion teams in the North American Sports League (NASL). The professional sports franchise was named the...
A:
Memo to Partner From CA Subject Accounting issue for this year s Rockets Franchise RF engagement We have been engaged by RF as its auditors for its first year of operations ending December 31 2013 I h......
Q:
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
A:
Click to View...
Q:
Find the lengths of the curves. The curve r = a sin 2 (/2), 0 , a > 0
A:
To find the length of the curve we use the arc length fo......
Q:
Explain why internal control is so important, especially for cash. Describe three types of internal control measures that organizations can put in place.
A:
Management is responsible for safeguarding the assets of a company It establishes policies and proce......
Q:
At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he made...
A:
The detailed answer for the above question is provided b......
Q:
Which of the following refers to the circumstances, taken as a whole, that would lead a reasonable prudent professional to believe fraud has occurred, is occurring, or will occur? a. Evidential...
A:
d Predication Predication refers to the circumstanc......
Q:
Cafe Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which...
A:
Let x 2 x 6 be the prices and y 1 Y 6 be the number sol......
Q:
A frictionless object is dropped from a height of 20.0 m at the same time that another frictionless object if thrown vertically upwards with a speed of 18.0 m/s. Where will the objects meet with...
A:
Therefore the objects will meet at a height of approximately......
Q:
Rovio has shifted their products between games, activity parks, movies, licensing etc., how have they handled different steps in the entrepreneurial process?
A:
Rovio has shifted their products between games activity parks movies licensing etc how have they han......
Q:
Using the hierarchy in HR Planning Notebook 13.2, list all HR activities in a normal HR department at the appropriate activity level. For those activities in the first three levels, find HR service...
A:
HR activities in a normal HR department according to the hierarchy in HR Planning Notebook 13 2 would include Level 1 Ancillary Activities Food service grounds maintenance Level 2 Routine Activities B......
Q:
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increasing by 5 percent annually....
A:
The detailed answer for the above question is provided below To calculate the amount that Haley need......
Q:
Consider the dynamical system, * = Ax + Bu; y = Cx + Du, given by -1 0 0 1 0 0 0 0 -1 -1 0 -1 1 [****** B= D a. Find the transfer function of the underlying dynamical system b. Determine the...
A:
a To find the transfer function of the underlying dynamical system we need to transform the state sp......
Q:
An investment has the cash flow profile shown below: Year 0 1 2 3 Cash Flow -$100,000 $40,000 $ 50,000 $60,000 Year Cash Flow 4 $40,000 There are at most 5 6 7 -$ 100,000 $60,000 -$ 10,000 Year 8 9...
A:
To determine the maximum number of positive internal rates of return IRR......
Q:
Giving the following information of a company X1 Net Revenue Cost of goods sold Gross profit Operating expense Operating profit Interest expense Profit before tax Taxation Profit after tax ($000)...
A:
a Based on the given information we can fill in the missing numbers as follows X1 X2 5000 5000 Net R......
Q:
You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers (stringed instruments). The market for zithers is growing quickly. The company bought...
A:
1 Determining the Initial Cash Flows The initial cash flows are the cash flows associated with the start of the project They include any cash outflows or inflows that occur at the beginning of the pro......
Q:
The data provided Is 12-month sales data of a supermarket for a South African tollet paper brand. The supplier has a lead time of 2 weeks and 30 days payment term. NB; any negative sales figures mean...
A:
Here Trend forecast Intercept slope Period I have calculated Intercept slope Coefficient of determin......
Q:
Funds are separate fiscal and accounting entities, each with its own self-balancing set of accounts. The newly established Society for Ethical Teachings maintains two funds-a general fund for...
A:
Date Particulars Amount Dr Amount Cr a Contributions 200 000 Acquisition Fund 40 000 G......
Q:
When Hydra Ltd. acquired the shares of Draco Ltd., one of the assets in Dracos statement of nancial position was $15,000 goodwill , which had been recognized by Draco upon its acquisition of a...
A:
a The goodwill recorded by the subsidiary affects the adjustment to goodwill on consolidation If the......
Q:
Rentech owns all the share capital of Inced. The following intragroup transactions took place. 1. During the year ending December 31, 2013, Inced sold $50,000 worth of inventory to Rentech. Inced...
A:
The adjustments for the consolidated financial statements as at December 31 2013 for Inced and Rentechare as follows 1 Sales revenue 50 000 Cost of goods sold 50 000 2 500 47 500 Inventory 2 500 Defer......
Q:
MEZ Ltd. has nally concluded its negotiations to take over Norma Ltd., and has secured ownership of all the shares of Norma. One of the areas of discussion during the negotiation process was the...
A:
Under IAS 37 Provisions Contingent Liabilities and Contingent Assets an entitys contingent liabilities are not recognized in the accounts of the entit......
Secrets To Become A Trusted Financial Advisor Everyone Raves About Building A Thriving Practice 1st Edition - ISBN: 1986938948 - Free Book