Premium Essay

New York Yankees

In:

Submitted By jfox21391
Words 514
Pages 3
14-7. a. | Ratios Based on the 2010 Form 990 | | | | | | | | Measure | | Calculation (amounts in 000s) | | Ratio | | | | | | | | Current ratio | | $4+$6,350+$798+$40+$116,932+$529 | | 13.86 | | (part X, col. B, lines 1-9, 17 & 18) | | $5,357+$3,637 | | | | | | | | | | Revenues/expenses | | $795,079 | | 0.93 | | (part VIII, line 12 & part IX, line 25) | | $854,605 | | | | | | | | | | Program expenses/total expenses | | $844,468 | | 0.99 | | (part IX, line 25) | | $854,605 | | | | | | | | | | Fund-raising expenses/public support | | $6,702 | | 0.01 | | (part IX, line 25, & part VIII, line 1h) | | $794,564 | | |

The current ratio indicates that AmeriCares is highly liquid, covering its current liabilities almost 14 times. While its expenses are slightly greater than revenues, in the short-term the inability to cover expenses with Ch. 14, Solutions, 14-7 (Cont’d)

revenues would not be a concern. A ratio equal to or greater than one would be desirable. A review of the statement of financial position indicates sufficient unrestricted net assets to cover the short-fall in the current period. However, the large decline in unrestricted net assets from 2009 to 2010 indicates this is an area that should be monitored. AmeriCares appears to be highly effective with 99 percent of expenses related to programs and only 1 percent related to support. Fund-raising efficiency also appears to be good, in that AmeriCares is spending about $.01 in fund-raising for every dollar of public support received.

b. | Ratios Based on the 2010 Audited Financial Statements | | | | | | | | Measure | | Calculation (amounts in 000s) | | Ratio | | | | | | | | Current ratio | | $153,320 | | 16.93 | | | | $9,054 | | | | | | | | | |

Similar Documents

Premium Essay

The Pros And Cons Of The New York Yankees

...The New York Yankees are good again. They have a 14-11 record in Spring training right now even with all their young talent playing. Not only did they sign reigning MVP Giancarlo STanton to add to their power hitting trio of Stanton, Judge, and Sanchez, but their young prospects are balling out. They have veterans like C.C. Sabathia and Brett Gardner who know how to win and win a lot. Justus Scheffield, Chance Adams and Dillon Tate are all young promising pitchers that could one day lead the Yankees to a title themselves. Sabathoia had some advice for the young guys, "Just be yourself," Tate explained. "Don't get too amped up and overthrow just because you're pitching in front of the manager and big league coaches." While Sabathia has embraced...

Words: 285 - Pages: 2

Premium Essay

Boston Red Sox vs New York Yankees

...The Boston Red Sox vs. The New York Yankees According to "The History of Major League Baseball" (2003/2013), professional baseball dates back to 1869 when the Cincinnati Red Stockings were formed by a group of Ohio investors (First Pro Team the Cincinnati Red Stockings). In 1903 a governing body was formed to enforce the rules of the game and was made up of two separate leagues, the American League and the National League. That was the birth of Major League Baseball (MLB) and the first World Series, which put the best from both leagues against each other to establish dominance, was in the fall of 1903 ("Boston Red Sox 1901 - Present", 2001/2013). The Boston Red Sox and New York Yankees have been members of the American League since day one and currently are members of the eastern division of that league. These two franchises demonstrate how to build a strong fan base and team chemistry by acquiring players and managers that represent the cities in which they play. The Boston Red Sox, originally the Boston Americans, were formed in 1901 ("Boston Red Sox 1901 - Present", 2001/2013). They took on the Red Sox name in 1907. The first World Series ever played was between Boston and the Pittsburgh franchise with Boston winning the series and being crowned the new organizations first champions. The team enjoyed much success in the early years winning five championships from 1903 – 1918 before having a championship drought that lasted until 2004. The franchise has appeared in 12...

Words: 1020 - Pages: 5

Premium Essay

Brand Equity - New York Yankees

... The New York Yankees pricing strategy is largely constructed around the tickets offered to their games due to the simple fact that revenues generated from tickets contribute to over half of the New York Yankees annual revenue (Bloomberg, 2013). The Yankees offer four general types of tickets for sale; these are regular season single tickets, premium tickets and season tickets. Each one varies in price and product/service provided, and even within each subset there are variations in price. Regular Single Season Ticket Price for New York Yankees: (TeamMarketingReport, 2014) Average - $51.55 (2nd highest in the league) Most Expensive - $1600.00 Least Expensive - $15.00 MLB Average - $27.93 The high cost of the tickets can be attributable to the Yankees success on the field, quality of product, large demand and move to a new stadium. From the 90’s to 2008 the Yankees were able to keep ticket prices within modest range, though still on the higher end of the spectrum the prices were closer to the league average(Emanuele, 2011). However with the Yankees moving into a brand new stadium in 2009 with nicer amenities, the prices in tickets changed to reflect that. (Getz, 2012) Premium tickets are regular single season tickets that come with at least one added amenity or classified by a team as premium due to occasions such as a big rival coming to town or special commemoration. The New York Yankees after their move into the new stadium...

Words: 967 - Pages: 4

Free Essay

Asdfasdf

...26, 1974) is an American baseball shortstop who has played 17 years in Major League Baseball (MLB) for the New York Yankees. A twelve-time All-Star and five-time World Series champion, Jeter's clubhouse presence, on-field leadership, hitting ability, and baserunning have made him a central figure of the franchise during the Yankees' success of the 1990s and 2000s.[1] Due to his impact on the team, he has served as the Yankees' team captain since 2003.[2] He is regarded as a consummate professional by teammates and opponents alike,[3] and has a reputation as a reliable contributor in the postseason.[4] Jeter was drafted out of high school by the Yankees organization in 1992, and he debuted in the Major Leagues in 1995. The following year, he became the Yankees' starting shortstop and won the Rookie of the Year Award. In addition, Jeter's achievements include four Silver Slugger Awards, five Gold Glove awards, All-Star Game MVP Award, World Series MVP Award, and membership in the 3,000 hit club. Many players and coaches consider Jeter to be one of the best players of his generation.[5] He is the all-time hits leader among shortstops,[6] and his .317 career batting average through the 2009 season ranks as the fifth-highest among active players. He has been among the American League (AL) leaders in hits and runs scored for the past ten years. He is the all-time Yankees hit leader, having passed Hall of Fame member Lou Gehrig in 2009.[7] Sportswriters anticipate that Jeter will...

Words: 4613 - Pages: 19

Premium Essay

Asdfasdf

...26, 1974) is an American baseball shortstop who has played 17 years in Major League Baseball (MLB) for the New York Yankees. A twelve-time All-Star and five-time World Series champion, Jeter's clubhouse presence, on-field leadership, hitting ability, and baserunning have made him a central figure of the franchise during the Yankees' success of the 1990s and 2000s.[1] Due to his impact on the team, he has served as the Yankees' team captain since 2003.[2] He is regarded as a consummate professional by teammates and opponents alike,[3] and has a reputation as a reliable contributor in the postseason.[4] Jeter was drafted out of high school by the Yankees organization in 1992, and he debuted in the Major Leagues in 1995. The following year, he became the Yankees' starting shortstop and won the Rookie of the Year Award. In addition, Jeter's achievements include four Silver Slugger Awards, five Gold Glove awards, All-Star Game MVP Award, World Series MVP Award, and membership in the 3,000 hit club. Many players and coaches consider Jeter to be one of the best players of his generation.[5] He is the all-time hits leader among shortstops,[6] and his .317 career batting average through the 2009 season ranks as the fifth-highest among active players. He has been among the American League (AL) leaders in hits and runs scored for the past ten years. He is the all-time Yankees hit leader, having passed Hall of Fame member Lou Gehrig in 2009.[7] Sportswriters anticipate that Jeter will...

Words: 345 - Pages: 2

Free Essay

Babe Ruth, Informative

...Everyone has heard of the infamous “Babe Ruth”, but few people know that his birth given name is George Herman Ruth, Jr. He lived from February 6, 1895 – August 16, 1948, and was best known as "Babe" Ruth and nicknamed "the Bambino" and "the Sultan of Swat". Babe was an American baseball player who spent 22 seasons in Major League Baseball (MLB) playing for three teams between the years of 1914–1935. The most important points of Babe’s life are his early childhood, his major league baseball career, and the legacy that Babe left behind. Ruth came from German-American parents, Kate Schamberger-Ruth and George Herman Ruth, Sr. His parents owned a succession of saloons (bars) and sold lightning rods. Babe Ruth was one of seven children; however only two of the seven children survived infancy, Ruth and his sister, Marnie. At the age of seven, Ruth’s father signed custody of his son over to St. Mary’s Industrial School for Boys, an orphanage ran by catholic missionaries. Ruth would only get to see his family on special occasions and holidays, however his mother died from tuberculosis when Babe was a teenager. Brother Matthias Boutlier of the orphanage became Ruth’s father figure in life; teaching him how to read, write, and most importantly, introducing Ruth to the sport of baseball. Brother Matthias helped Ruth to work on his hitting, running, and pitching. In 1913, Ruth’s talent and abilities at baseball were noticed by scout, Joe Engel, who brought Ruth to the attention of Jack...

Words: 1604 - Pages: 7

Premium Essay

Babe Ruth: The Legend Of The Great Bambino

...both as an exceptional hitter and pitcher. By 19 Ruth caught the attention of Jack Dunn, the owner of the Baltimore Orioles. At that time, the Orioles prepared players for the team the Boston Red Sox, Dunn saw a promising future in Ruth’s athletic ability. He was with the club for only a short time though before he was asked to the Majors in Boston. Babe Ruth was an unbelievably good baseball player. He was one of the best hitters of all time. It’s crazy to think that people would actually pay to watch him swing a fifty-two ounce bat even if he was to strike out. In his first season he smashed out one of his season highs which was fifty-nine homeruns. In 1919 his rights were sold by the Red Sox and the the New York Yankees bought them. With Ruth leading the way New York turned into a ruling force winning four world series titles over the next 15 seasons. He was at the heart of all success, releasing a level of power that had never been seen in a game. In 1920 in his second season he broke his own record of fifty-four homeruns to fifty-nine homeruns, and in less than 10 seasons, Babe Ruth had made his mark as baseballs all-time homerun leader. Over the course of his career he went on to break baseballs most important records, including most years leading a league in homeruns, most total bases in a season, and highest percentage in a season. In conclusion he hit seven hundred and fourteen homeruns, a mark that stood until 1974. Babe Ruth always dreamed of becoming a team manager...

Words: 1166 - Pages: 5

Premium Essay

Lou Gehrig: The Most Famous Baseball Player

...still being talked about 70 years after his death. Although Lou Gehrig was a great baseball player, he is most well known for the disease that is named after him.Lou Gehrig was an amazing baseball player because of his family and childhood, his major life events and his achievements both in baseball and in life. Lou Gehrig had an exceptional family and childhood. He was born on June 19, 1903 in Yorkville, New York City, NY. Lou Gehrig was the son of two immigrants, Heinrich and Christina Gehrig. Christina Gehrig was the main thing that was holding the Gehrig family together. She was pretty much the only working figure in the house. She worked as a maid, brought in laundry...

Words: 681 - Pages: 3

Premium Essay

Jorge Rafael Posada Research Paper

...August 17, 1971 in Santurce, Puerto Rico. Posada is a former Puerto Rican catcher who played in the Major-League Baseball for the New York Yankees, being the only major league team he played with. He served as the Yankees' main catcher most of his career, although due to knee surgery during the 2010 offseason, he was moved to the designated hitter position for the 2011 season. He was an ambidexter hitter, and was in five Star Games in 16 years of career. He was a member of four World Series champions (1998, 1999, 2000, 2009) 1 and six American League champions teams. Posada is five times All Stars and five times winner of the Silver Bate award in those same years. He was the only Major League catcher...

Words: 1144 - Pages: 5

Free Essay

Visual Argument: Yankee Stadium

...The New Yankee Stadium: A Visual Analysis When walking into Gate 4 of the new Yankee Stadium, a true fan of the blue and white pin strips experiences déjà vu. When building the new stadium the architects designed the new Gate 4 to mirror the Gate 4 of the old stadium right next door. When the initial design plans began, the organization had to think about not only the history of the team, but also how the die-hard fans would react when first walk into the stadium. Including mirroring the old stadium, the outside walls of the new stadium closely resembled the old stadium as well. When you first step into the new facility every idea that you had about what it was going to be like was destroyed except for the field itself. There is a much heavier emphasis on taking a more modern approach when they thought about the design. Everything from food vendors, to team stores, to even the bathrooms were brought from the 20th to the 21st century. Though there are some drastic differences, some aspects of the stadium did stay more along the lines of the original stadium. The seating is generally the same with regard to layout. But the major difference between old and new is the price of a seat. An even more outrageous price is how much it cost to build this monstrosity of a stadium. The average cost to build a stadium is about eight hundred million dollars; the new Yankee Stadium cost 1.5 million dollars to erect. The field has essentially the same look, but the dimensions were changed just...

Words: 1439 - Pages: 6

Premium Essay

Joe Dimaggio Research Paper

...Do you know who Joe DiMaggio was? Joe DiMaggio was a famous baseball player who first played on the San Francisco Seals. Then, and lastly played on the New York Yankees. His full name was Giuseppe Paolo DiMaggio. Joe DiMaggio was born on November 25, 1914 in Martinez, California. He died on March 8, 1999 in Hollywood, Florida (1). He married Dorothy Arnold in 1939 (1). He married Marilyn Monroe also (1). His marriage with Marilyn Monroe was not Healthy (1). They married on January 14, 1954 (1). This was known as the “Marriage of The Century” (1). His siblings were Vince DiMaggio and Dom DiMaggio (1). He played centerfielder (1). He bats right and throws right (1). He was 6 feet tall and 2 inches. He weighed 193 pounds (1). He was born in a small fishing enclave just north of the...

Words: 848 - Pages: 4

Free Essay

The 1920’s: Baseball Uniform

...The 1920’s: Baseball Uniform The decade of the 1920’s is often characterized as a period of American prosperity and optimism. This was the Jazz Age, the decade of the flappers. The 1920’s opened with an explosion of color and the wailing sounds and fast rhythms of jazz and energetic dancing. It was a time of tremendous change in America. America was one of the victors in the First World War and it enjoyed a period of great prosperity in the twenties. The Americans were opposed to anything that might drag them into another European war. Many Americans simply wanted to enjoy the prosperity that had developed in the previous decade and felt that foreign entanglements would threaten it. For the next decade America kept to herself for the most part. Most Americans enjoyed a high standard of living. Food was plentiful and cheap thanks to the vast quantity produced on American farms. More and more people bought their own houses through mortgages. Thanks to Henry Ford and mass production, one could buy a ford for $290. It was the “Roaring Twenties,” the decade of bath tub gin, the model T, the $5 work day, the first transatlantic flight, and the movie. It was the great age of popular entertainment. Among the world of entertainment, there were sports. Baseball’s growing popularity in the 1920’s can be measured by structural and cultural changes that helped transform the game. Ballparks were being constructed left and right. In 1920 the Cubs Field was opened and in 1926 re-named to...

Words: 1008 - Pages: 5

Free Essay

Are Athletes Overpaid

...are good at and love doing. I believe that athletes are paid what they deserve and that it is no different than working for a large, money making company. I believe that they deserve to get paid this amount of money because they devote their lives to training and improving at their job. Athletes who are a valuable asset to their team, get paid more then rookies just coming into the league. If you are a rookie, then you would probably make about $500,000 a year. Once you gain experience, then your pay goes up. It is the same as in a business, if you do well, then you get a raise. If you do badly, then you get fired, or in this case, released. In Major League Baseball, the highest paid athlete is Alex Rodriguez of the New York Yankees, who in 2007 signed a 10-year, $275 million contract, making $27.5 million per year. However, Alex Rodriguez is far behind the whopping 7.8 billion a year made by Bill Gates. Athletes get paid a lot of money because the professional sports industry is a huge business with millions of fans going to games each year. Players get most of their money from endorsements and from the fans buying merchandise and going to games. Professional athletes only make about 1% of an organizations total earnings. Some people might say that athletes don't deserve the money they get because they don't work hard for it. I would say that athletes have to deal with injury and fatigue, something that people who work in offices don't have to deal with....

Words: 437 - Pages: 2

Premium Essay

Sports Media

...Sports Medias Negative Approach Ernest Culler COM 150 10 November 2012 Janice Prince Betian Sports Medias Negative Approach In the late 1980s and early 1990s many professional athletes were viewed as positive role models. During this time sports media found it hard to report about the negative accounts of the professional athlete. It was not until the early 1990s when Mike Tyson became the first prominent athlete to gain negative reports aired on national television. Before the 1990s Mike was known as the greatest boxer in the world after he was convicted of rape he was known as a criminal. While Sports media believes they report about the positive athletes as much if not more than they do the negative athletes, the bias approach taken towards role models is unequal. Sports media has chosen to take a radical approach in reporting about the favorite role models of children in today’s society. Over the past three years sports reporters have driven Lance Armstrong from atop the cycling world, they have taken an approach that has tarnished both his career and personal life. Michael Pearson reports that Lance Armstrong has stepped down as Chair of the Live Strong Cancer charity. In a CNN report Pearson (2012) writes that “Nike, which initially stood by Armstrong, dropped him October 17, 2012 with a terse statement citing what it called seemingly insurmountable evidence that he participated in doping.” Pearson has chosen only to give partial information...

Words: 1298 - Pages: 6

Free Essay

Willis Pond History

...Willis Pond History Compiled by Rob Hershfield, August 1999 From Reference Materials at Goodnow Library Geology and Geography The Cenozoic age began about six to eight million years ago, following the tropical Mesozoic age when dinosaurs and forests flourished. The Cenozoic has two main sub-divisions, the Tertiary and the Quaternary, the latter of which is again divided into three divisions: the Glacial, Champlain and Terrace. During the Glacial, an ice sheet reaching six thousand feet in thickness covered the entire northern portion of our continent including New England, and had a constant tendency to move south. During the Champlain Epoch, several small sheets of water such as Willis Pond, Bottomless Pond (now called Crystal Lake), Blandford’s Pond (on Cavicchio Farm – now filled in) and Pratt’s Pond (now Puffer Pond in the old Fort Devens Annex), were created in the Peakham area of Sudbury. These ponds probably owe their origin to large masses of ice having been left there, around which the sand was deposited by the currents, and later as these masses of ice melted they left the hollows which now hold the ponds. Willis Pond is the largest of these ponds and lies at the northwest part of town. It is nearly surrounded by forests, and is a little lake in the woods. It has an outlet to Hop Brook called Run Brook, which flows into the Sudbury River, the Concord, the Merrimack and into the Atlantic. The principal trees include White Pine, Oak, Maple, White...

Words: 931 - Pages: 4