Which of the following is NOT a potential asset for a team?

Inventory

Accounts receivable

Office equipment (PCs, chairs, etc.)

Team brand (logo, etc.)

General manager salary

Which of the following equations is correct?

Profits = Long-Term Assets + Short-Term Assets

Profits = Liability + Stockholders Equity

Profits = Accounts Receivable Accounts Payable

Profits = Market Value Book Value

Profits = Revenues Expenses

Which of the following projects would be most appropriate for the usage of revenue bonds?

Retail stores

Airport

High schools

Residential homes

When retiring bonds, which method is typically used when there is a question about how much revenue the project will generate?Straight line, because payments are consistent and predictableStraight line, because the total amount paid is lessGraduated retirement, because of the flexibility in paying less in the first few yearsGraduated retirement, because of mandates using G.O. bondsWhich of the following is a soft tax?Rental car taxProperty taxSales taxLotteryGiven the following information, compute the amount of jock tax that New York Knicks forward Marcus Camby will pay this year. How much does Camby pay to the state of Arizona in jock tax?Arizona taxes athletes at 5% per duty dayCamby and the Knicks spend 3 days in the state of Arizona during the yearCambys salary is $5,000,000 for the year and the team has 100 duty days for the year$2,500$5,000$7,500$10,000As interest rates decrease, the present value of a lump sum future payment:

Decreases

Increases

Stays the same

Either A or B

• What is the future value of an ordinary annual annuity paying $1,500 at a rate of 6% over 12 years?
  • $50,305
  • $12,573
  • $25,305
  • $3,018
• Which of the following projects would be appropriate for capital budgeting?
  • Determining capital or expense leasing for new copiers
  • Launching a new product
  • Assessing the historical value of a retired player to a team
  • Analyzing the value of a stock investment
• All of the following influence capital budgeting cash flows EXCEPT:
  • Tax rate changes
  • Method of financing used
  • Accelerated depreciation
  • Salvage value