fbpx

Accounting Assignment | Custom Assignment Help

Based only on the information below, make a P&L for each team for the 2018-19 season. Next, apply the revenue sharing plan criteria to determine the amount that should be included for Revenue Sharing.

Don't use plagiarized sources. Get Your Assignment on
Accounting Assignment | Custom Assignment Help
Just from $13/Page
Order Now

Custom Assignment Help

Background

The National Basketball League is a professional sports league in North America. Each team in the league must participate the revenue sharing system. For the purposes of the revenue sharing plan, there are no limits to the amount each team may contribute to the plan. Each team is subject to a receipt limits based their designated market area (DMA). For teams with a DMA between 1.5-2.249 households, the final receipt limit is set at 75% of the initial receipt; for a DMA of 2.5-3.249M, the final receipt limit is set at 25% of the initial receipt.; for DMAs over 3.25M, the final receipt limit is set at 0%.

If a team rents their arena, items such as fixed signage, temporary signage, and luxury suites are included in the plan at 100%. If the team controls their arena with no cotenants, the team must include these items at 70%. For a team that has another professional team as a cotenant, the respective inclusion percentage is 40%. Post-season revenues and expenses are excluded from the revenue sharing calculation. Player salary and other expenses are taken at the league average, which were $88M and $5.2M respectively for the 2018-19 year.

Each team in the league plays 82 regular season games a year. The league’s national television deal provides each team with $30M annually in revenue with $500k in associated expenses. Additional league managed items such a licensing provided the teams with $17M in revenue and $3M in expenses. Each team also received a $900k playoff distribution from the league.

If there is no inclusion percentage specified, items are included in the revenue sharing plan at 100%.

Custom Assignment Help

Team A

Team A is an arena controller with an NHL cotenant. The team has 3.0M households in their DMA. The team signed a new local cable deal worth $36M annually which took effect for the 2018-19 season. The average gate attendance per game was 16,100 people. The team had one of the highest average ticket prices in the league at $103 and a novelties and concession per cap of $7.25. The team’s associated gate expenses were $1.75M and concessions expenses totaled $1.25M. The team also leases 20 suites for a total of $6M per year. Fixed signage inventory generated $4M with an 85% margin, while temp signage revenue was $3M with a 90% margin. The team’s main expenses were player salaries ($85M), basketball operations ($17M), G&A ($8M), and other expenses ($2.4M). The team has been in a rebuilding phase and has not qualified for the playoffs the past three seasons.

Team B

Team A is an arena renter. The team has 1.85M households in their DMA. The team signed a new local cable deal worth $20M annually. The deal, which took effect for the 2015-16 season, stipulated that the $20M fee was based on the television network broadcasting 60 games. However, the team did not fulfill its obligations as the network only had access to 58 games for 2018-19 so the team’s revenue was adjusted proportionally.

Custom Assignment Help

The average gate attendance per game was 13,900 people. The team’s average ticket price in the league was $90 and a novelties and concession per cap of $6.25. The team must pay their concessionaire $2.95 per transaction. The team also leases 22 suites for a total of $6.65M per year. Fixed signage inventory generated $3M with a 75% margin, while temp signage revenue was $4M with a 90% margin. The team has been successful the past few seasons, making it to the second round of playoffs in 2018-19, earning net revenues of $8M.The team’s largest expenses were player salaries ($93M), basketball operations ($32M), G&A ($4M), and other expenses ($3.2M). The team also had expenses tied to gate receipts where they had a 90% margin.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
great paper
Customer 454007, June 23rd, 2020
Military
Good work.
Customer 456821, May 18th, 2022
SEO
you captured my imagination. good copy writing skills
Customer 452441, June 17th, 2022
Military
excellent work
Customer 456821, August 14th, 2022
Sociology
Excellent and fast work! Thanks!
Customer 454259, April 11th, 2020
History
The work is really good and even better than I could have imagined.
Customer 454439, June 12th, 2020
Art (Fine arts, Performing arts)
Always follow instructions, especially on style.
Customer 460547, March 29th, 2022
Business
Nice job.
Customer 452441, April 6th, 2022
Business Studies
Great
Customer 453413, February 27th, 2020
accounting
Good work.
Customer 459155, May 22nd, 2022
Other
Paper is great but I had to turn in past my deadline.
Customer 463301, October 1st, 2022
Medicine
Good work.
Customer 462931, May 4th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat