Niko, a good fricnd of yours from high school, is attending Sheldon University, where he enjoys...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Niko, a good fricnd of yours from high school, is attending Sheldon University, where he enjoys playing on the school's Division III soccer team. You love going to his games to cheer him on. Unfortunately, the school is experiencing financial stress, and it recently shared its plan to discontinue its soccer program, along with a few other sports, beginning next academic year. Obviously, Niko is upset about this news, as are many of his friends. You wonder how bad the financial situation must be for the university to even consider making this move. Required a. Make a list of any and all relevant factors (qualitative or quantitative) that would play into this decision, keeping in mind that at a Division III school, no athletic-specific scholarships are awarded. b. You recently found an inside track to some of the other assumptions the university used in making its decision, including the following. • All current athletes in these programs will stay at Sheldon to complete their degrees. • All coaches specific to these sports will be laid off. • All current athletic facilities specific to these sports will be kept and minimally maintained in the hope that the sports will be reinstated in the future, when the university's financial health returns. Based on these assumptions and the following additional information, calculate the financial impact of this decision for one year. Specify whether you believe the university was justified in its decision to close these programs. Number of student-athletes directly affected 120 Number of non-athlete students that attend Sheldon because their 150 friends are athletes Average years to graduation for affected students, above Average annual tuition, fees, and room and board per student 2 $ 22,000 Lost athletic event admission fees annually $ 19,200 Salaries and benefits of directly affected coaches Athletic director annual salary $320,000 $250,000 c. You belicve that some of the above assumptions are not reasonable. For example, you know already that Niko is transferring to your college so he can play soccer there, and you are certain that many of the other athletes are thinking about a similar move. You believe that at least 50% of Sheldon's current student- athletes will leave Sheldon University, and 25% of the non-athlete friends will leave, as well. If these new assumptions are used, does it change your view of the university's decision? In other words, is the univer- sity justified in its decision to discontinue these sports based on quantitative analysis only at this point? Niko, a good fricnd of yours from high school, is attending Sheldon University, where he enjoys playing on the school's Division III soccer team. You love going to his games to cheer him on. Unfortunately, the school is experiencing financial stress, and it recently shared its plan to discontinue its soccer program, along with a few other sports, beginning next academic year. Obviously, Niko is upset about this news, as are many of his friends. You wonder how bad the financial situation must be for the university to even consider making this move. Required a. Make a list of any and all relevant factors (qualitative or quantitative) that would play into this decision, keeping in mind that at a Division III school, no athletic-specific scholarships are awarded. b. You recently found an inside track to some of the other assumptions the university used in making its decision, including the following. • All current athletes in these programs will stay at Sheldon to complete their degrees. • All coaches specific to these sports will be laid off. • All current athletic facilities specific to these sports will be kept and minimally maintained in the hope that the sports will be reinstated in the future, when the university's financial health returns. Based on these assumptions and the following additional information, calculate the financial impact of this decision for one year. Specify whether you believe the university was justified in its decision to close these programs. Number of student-athletes directly affected 120 Number of non-athlete students that attend Sheldon because their 150 friends are athletes Average years to graduation for affected students, above Average annual tuition, fees, and room and board per student 2 $ 22,000 Lost athletic event admission fees annually $ 19,200 Salaries and benefits of directly affected coaches Athletic director annual salary $320,000 $250,000 c. You belicve that some of the above assumptions are not reasonable. For example, you know already that Niko is transferring to your college so he can play soccer there, and you are certain that many of the other athletes are thinking about a similar move. You believe that at least 50% of Sheldon's current student- athletes will leave Sheldon University, and 25% of the non-athlete friends will leave, as well. If these new assumptions are used, does it change your view of the university's decision? In other words, is the univer- sity justified in its decision to discontinue these sports based on quantitative analysis only at this point?
Expert Answer:
Answer rating: 100% (QA)
a The following are some of the probable financial strains that the university may face 1 Financial ... View the full answer
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
Posted Date:
Students also viewed these accounting questions
-
You love going to the movies. For your birthday, your friend offers to take you to a triple feature without popcorn or a double feature with two bags of popcorn. Table 7P-4 shows your utility for...
-
A opens a margin account with BMO Investorline with a minimum required margin ratio of 30%. A invests in 100 shares of RAE Inc. at a price of $38.30 per share and an initial margin ratio of 60%....
-
Trevor, a friend of yours from high school, works as a server at the ST Café. He asks you to help him prepare his Federal income tax return. When you inquire about why his bank deposits...
-
Use your answer to question 44 to compute the cumulative frequencies. Use the following prices of Swiss stocks to answer question. Question 44 Use your answer to question 43 to construct a tally...
-
The dotplot shows the distribution of passing rates for the bar exam at 185 law schools in the United States in 2009. The five number summary is 26, 80, 86, 90, 100 Draw the boxplot and explain how...
-
Orange Juice Inc. produces and markets fruit juice. During the orange harvest season, trucks bring oranges from the fields to the processing plant during a workday that runs from 7 A. M. to 6 P. M....
-
A Map of All Americans! Visualization can often be an effective way to make sense of very large datasets. The Census Dot Map at http://demogra phics.coopercenter.org/DotMap/ displays the race and...
-
Dr. Smith learned that one sorority on campus had purchased several Macintosh computers and another sorority had purchased several Windows-based computers. Dr. Smith was interested in whether the...
-
As mentioned in class, construct the following diagram in your GNS3.0 and build access lists in each router and check if you can ping from the restricted routers. Filtering Instructions: Deny Sam...
-
Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $5 million assessed by the Environmental...
-
Do you believe cameras should be used to record judicial proceedings in the court room and available to the general public as live streaming? Why or why not?
-
An instructor has a first-period class with 25 students, and they had a mean score of 86% on the midterm exam. The second-period class has 30 students, and they had a mean score of 84% on the same...
-
Is the universe in space or is space in the universe?
-
The total number of stars in the universe is much greater than the number of grains of sand on all the beaches of Earth. Given this, do you think its possible that there are other civilizations in...
-
Design an analog elliptic filter satisfying the following specifications: \[\begin{aligned}A_{\mathrm{p}} & =1.0 \mathrm{~dB} \\A_{\mathrm{r}} & =40 \mathrm{~dB} \\\Omega_{\mathrm{p}} & =1000...
-
Determine the intensity of the gravitational force exerted by a sphere of radius \(R=15 \mathrm{~cm}\) and \(M=158 \mathrm{~kg}\) and one of radius \(r=3 \mathrm{~cm}\) with mass \(m=0.73...
-
what is the regular language for the following expression r=(aa)* (bb)* b (Please note: Show all the steps to get the full points points for just only the answer.) Question r = (aa)*(bb)* b 1 answer
-
Write the expression in radical notation. Then evaluate the expression when the result is an integer. 23 -1/2
-
Louis owns three pieces of land with an adjusted basis as follows: parcel A, $75,000; parcel B, $125,000; and parcel C, $175,000. Louis sells parcel A to his uncle for $50,000, parcel B to his...
-
Nell, Nina, and Nora Sanders, who are sisters, sell their principal residence (owned as tenants in common) in which they have lived for the past 25 years. The youngest of the sisters is age 60. The...
-
Beige, Inc.'s regular income tax liability is $110,000, and its TMT is $120,000 for the current year. Under what, if any, circumstances would Beige want to accelerate $15,000 of income to the current...
-
Use the shell model and the Hund rules to show how the orbitals are populated with electrons in the elements \(\mathrm{C}, \mathrm{O}\), and \(\mathrm{Mg}\).
-
Consider the potential \(V=k x^{2}+\alpha|x|^{3}\), and a trial wave function \(\psi(x ; a, b)=|y|^{a} e^{-b y^{2}}\). Find an estimate of the ground state energy (write down the equations for the...
-
Fill in the details in the text for minimization with the trial wave function \(R(r)=A e^{-r / a}\) for the hydrogenoid atom.
Study smarter with the SolutionInn App