Kansas City Zephyrs Baseball Club, Inc. Answer and submit these two questions for each item in dispute: Who's correct and why? for the Kansas City Zephyrs (6 points). In this baseball accounting dispute case I would rule towards the side of the players. First and foremost, their case on roster depreciation is a good point, because one, this is not done in any other industry when referring to staff or labor, and from a performance standpoint the way you may be able to determine if depreciation
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| CARPENTRY & TILE WORKS | Concrete Moulding | Steel Railings | Private Pole | | | | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | OLD | ADJUSTED | kansas | JANUARY | | - | 100,000.00 | - | 15,000.00 | - | 13,000.00 | - | 6,974.00 | - | 90,094.00 | - | 60,508.25 | - | 11,444.75 | 23,000.00 | 24,800.00 | - | 1,200.00 | | FEBRUARY | | - | 100,000.00 | - | 15,000.00 | - | 13,000.00 | - | 6,818.80
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For the Kansas City Zephyrs, answer and submit these two questions for each item in dispute: Who's correct and why? Roster Depreciation The owners. From 1977 to 2004, sports team owners were allowed to treat 50 percent of the team purchase price as an asset depreciable over no more than 5 years. Deferred portion (20%) of compensation The owners. It is an accrued expense, The Company may owe its own players’ salaries and wages for work performed, but not yet paid. Even though they are to be
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KANSAS CITY ZEPHYRS BASEBALL CLUB This case has three fundamental issues 1. Roster depreciation; 2. Player compensation; 3. Transfer pricing of related party operations (stadium costs); 1. Roster Depreciation (I side with the Owners) The owners recognize depreciation as of a value placed on the player roster at the time the baseball club was purchased. They do this for two reasons. 1. It lowers the value of the team and second for tax purposes. This is very legal and is normally used
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Kansas City Zephyrs Case Study Chad Dellworth Case: Kansas City Zephyrs Baseball Club: A Baseball Accounting Dispute ACCT 6350 1. How Should Bill Ahern resolve each of the accounting conflicts between the owners and the players? After meeting with both the owners and the players, Bill concludes that the three main accounting areas of concern between both parties are: * 1) Roster depreciation * 2) Player compensation * 3) Owners’ stadium fees In all of three of these conflicts
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Arguably the biggest game of Sunday’s action is between the Atlanta Falcons and Kansas City Chiefs. Both teams have a playoff berth within their grasp, but with their divisions being as tough as they are, nothing is given – not even a chair at the postseason table. These two squads aren’t complete polar opposites, but there are far more differences than similarities. The Falcons have the best offense in the league, throwing it up and down the field with the greatest of ease. The Chiefs, on the other
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Chad Dellworth Case: Kansas City Zephyrs Baseball Club: A Baseball Accounting Dispute ACCT 6350 1. How Should Bill Ahern resolve each of the accounting conflicts between the owners and the players? After meeting with both the owners and the players, Bill concludes that the three main accounting areas of concern between both parties are: * 1) Roster depreciation * 2) Player compensation * 3) Owners’ stadium fees In all of three of these conflicts, I noticed that the
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Financial Accounting July 2012 Session 3 Kansas City Zephyrs and Inventories Jacob Cohen MIT Sloan School of Management 1 Kansas City Zephyrs – Setting I Kansas City Zephyrs – Setting II What are the owners’ incentives? What are the players’ incentives? Kansas City Zephyrs – Discussion Take-Away slide I Kansas City Zephyrs • A case where financial statements are used to resolve an internal dispute • Distinct from Shrek 2, which focused on the effect of accounting
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The worst parts in the Kansas City area is the highways. The highways get so irritating because how much rush hour we get each day. We get so many car reacts due to rush hour, and not enough exits on the highway ether, so that make it even slower than it supposed it be. Rush hour is making people be late to work, interview, and other thing people has to get on time, but they can’t because how slow the traffic is. The rush hour in traffic also waste everyone's time and effort. And if we don’t do
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John’s company currently has a 40% share of a 1 million unit market. The current price for his product is $100, but in a direct attempt to gain market share from a competitor, he is considering lowering the price of his company’s product by 10% in an attempt to increase market share to 50%. Marketing expenses and cost per unit will remain at the level of 15% of sales and $70, respectively. 1. Assuming no competitive response and that the price cut resulted in a market share increase to 50%,
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