Accounting – Cysl LeagueCase StudyBased on the case study I would recommend that the CYSL league should continue to host the Craddock cup, however the overhead expense made for the Craddock cup should be revised. The study suggest that even if the CYSL discontinues to host the Craddock cup the salary for Rivaldo and two of the other employees would still be the same. Hence, Rivaldo鈥檚 salary is constant and can be removed from the expenses (CYSL salaries). The CYSL salaries should only consist of Jansten鈥檚 salary. This will reduce the CYSL salaries expenses from $18,300 to $12,000.
With reference to column 2 in Appendix: Expenses for 64 teams: Increasing the teams from 32 to 64 will also increase the participation of younger siblings of the participants. Assuming the participants increase from 216 to 350, the revenue and expense will also increase. One day expense is 350 * 6$ = $2,100, so for 2 days it will be $2,100 *2 = $4,200. The expected financial impact for adding 32 additional teams in shown in column 2 (Expenses for 64 teams) in Appendix. Certain expenses will be double as they are directly proportional to the number of participants/teams. The expenses for T-Shirts, concessions, player Insurance will be doubled as a result of this. The 32 teams are using 8 fields for 7 days, 2 fields are still not being used. So to accommodate 64 teams we need 8 more fields. Since 2 fields are already available, league only needs to rent remaining 6 fields. They can do this by renting fields form the local schools at a cost of $150 per day per field. Cost of one additional field per day = $150, so the remaining 6 fields per day will cost: $150 * 6 = $900. The additional 32 teams only need to use the fields for 2 days for the tournament, hence the league can rent the fields only for 2 days making additional field expenses to be $900 * 2 = $1,800. Similarly, for addition goal post cost of two goal post per day = $60. For 6 additional fields per day cost will be: $60 * 6 = $360 we need to rent goal post only for 2 days, hence expenses for that would be $360 * 2 = $720.
With reference to column 3 in Appendix: Expenses for 64 teams with breakeven increase in registration fee. As per Rivaldo鈥檚 financial plan, by increasing the tournament鈥檚 advertising budget by $1,000, might cause an increase of college recruiters by 15 which would also require CYSL to increase the number of published face books from $75 to $95. Additional 15 recruiters, means increase in the hotel expenses. Predicting that the number of scouts/recruiters will increase from 25 to 40, the expense will be, the expenses on hotel would be 40 * $160 (for two nights) = $6,400. Also the increase in face books from 75 to 95 would make the total expenses on face books as 95 * $6 = $570. Considering this additional expenses, the total expenses would be $80,882 with an increase of $80,882 – $77,362 = $3,520. In order to fund this over expense, the
$1,700,000 increase in the hotel is not a sustainable cost. (There were 4 hotels and hotel costs up and down in the next 2 years. For example, the average price of the average hotel in a hotel in 1998 was about $45 and in 2003 it is about $52 at the latest. The hotel cost of that same year was $15.8 million with an increase of $45 million for two nights of the same age group. ) For most of the cost (table) table number is used to estimate the cost in taxes, travel expenses and travel expenses, etc. We should realize that a $1,700,000 price increase in the hotel is actually only $2,500 which is $2.000 less than the cost of a hotel. We would probably be able to pay a large amount during the future by using this $1,700,000 estimate of the cost without too much bias.
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The total expenses included in this section were only the cost per attend, not the cost per hotel. As expected, the first $200,000 in hotel expenses would take the form of hotel bills, hotels meal and meals, and a hotel fee. In this way the cost was calculated according to the number of face books booked before and after each event. With the hotel and hotel expenses in Table 2 the cost of the event was converted to:
In the last 5 days the hotel was $3,300 and the hotel stayed $1,730. Note: the number of rooms in the room cost group was approximately $1,000 for the 2 nights, and $1,500 for the 1 night. In these last numbers the actual hotel expenses were not as much as in Table 1. Therefore as it is possible to make out the hotel costs in Table 2, we can reduce the value of the cost after those costs were converted to the value of other hotel expenses. We shall provide a more complete list below on this subject in next post (the above tables are for a single night and Table 2 are for a larger group of dates).
Table 1 : Annual costs $10.08 per seat 路 $7.60 per trip 路 $3.30 per trip 路 0.50 miles per trip
Figure 2. Tables and tabulation: Table 2. Other non-expenses estimates. The figure shows the total cost in lodging. The hotel costs are based on the annual costs of the same type of event (non-expenseed) which includes the cost for the following types of travel. First comes hotel taxes, hotels meal, meals, meals, etc., the cost for the trip. Travel expenses are listed in tables by travel type in Table 2 below. This method allows you to select hotel that will serve the same type of event. The expenses are calculated and categorized according to travel type in Table 2. (a) Costs for the group of events mentioned above: 路 $15.8 thousand per single night trip 路 $15.8 thousand per single night tour (or $5 per plane ticket) 路 $7.10 thousand per trip 路 $6.20 thousand per trip 路 25,000 flights booked 路 $