CASE STUDY SCOPING – CRADDOCK CUP Background: The Craddock Cup is a regional soccer tournament held by the Craddock Youth Soccer League (CYSL) and managed by Joe Rivaldo every year. The cup brings in around 32 premier high school soccer teams (both boys and girls teams) from throughout the region to compete. Each year the cup is considered a great success by players‚ their families and the local community and is now widely considered as the premier tournament for high school soccer players. Over
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1. The Craddock Cup in its current form should be continued in order to maximize CYSL’s profits. Although it looks as though the Cup is incurring a loss‚ we need to analyze the relevant and irrelevant costs to truly determine the financial impact of discontinuing the cup. Although total expenses are $53‚538‚ we need to eliminate the irrelevant‚ or unavoidable‚ costs when deciding whether the Cup should continue. In this case‚ the irrelevant‚ unavoidable costs include Rivaldo’s salary allocated
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ACCT 2301 Spring 2015 Professor Dinan Christopher Doherty‚ Luiz Franciss‚ Sydney Campbell & Raul Concepcion The Craddock Cup: Questions: Spring 2015 The purpose of this case is to illustrate the importance of understanding cost behavior in calculating the profit/contribution of the Craddock Cup. Within this context‚ the case asks whether the tournament should be continued‚ expanded or dropped. In addition‚ the case provides a vehicle to discuss allocation procedures
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fellowship from Yale University‚ author Fred B. Craddock sets out to refresh his approach to teaching and preaching and to reflect on how “to reach those who have already heard” (Craddock‚ Preface to the First Edition‚1978‚ p.viii). In the writing of this revision Craddock relies heavily on conversations with visitors he entertained while on sabbatical at his rented beach cottage in Connecticut. One of the most weighted influences was Søren Kierkegaard‚ who Craddock devotes an entire chapter to entitled‚
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Case #2: The Craddock Cup 3/21/13 In order to decide whether or not to keep the Craddock Cup‚ we needed to classify the expenses as either fixed and sunk or variable‚ fixed and sunk costs are not relevant so they are not included in the revised statement. Exhibit A shows an income statement that is revised in this manner (under the revised column). The first expense we found not relevant is the city field rental. We found that this expense is fixed‚ where $1‚200 is allocated to this weekend‚ a
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Craddock Cup case study Question Number 1 In determining whether to keep or drop the Craddock Cup‚ the overhead expense allocations of City field rental‚ CYSL salaries and CYSL rent should be revised. In determining whether to keep or drop the Craddock Cup‚ the allocation of City filed rental fee of $1200 from CYSL to the Craddock Cup should be eliminated. CYSL rented 10 soccer fields from the city for 40 weeks a year for a total fee of $48000. However‚ even if the Craddock Cup was dropped
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Summary Craddock Cup was a regional soccer tournament organized by Craddock Youth Soccer League (CYSL). It is an annual event which involving the participation of 32 premier high school soccer team. The CYSL manager‚ Jose Rivaldo is the person responsible to conduct this high- quality soccer activities. Craddock Cup is originally run for the purpose to gain profit by CYSL. The event had become a fame success among community of the region‚ and become the platform to recruit excellent athletes. Recently
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The world cup Soccer outside the United States and Canada‚ the game of soccer is called football. Soccer is the world’s most popular game‚ with the best players meeting every four years to compete for the World Cup. It is bigger than baseball‚ American football and basketball combined. Statistics showed that a global television audience of 49 billion people tuned in to watch the 2002 World Cup (FIFA.com “Pure Football” pg.1). The World Cup is held every four years‚ hosted by a different country
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Karanakov Ivan IV-3 The League Championship Tournament The UEFA Champions League is an annual association football cup competition organised by UEFA since 1955 for the top football clubs in Europe. The tournament consists of several stages. In the present format it begins in mid-July with three knockout qualifying rounds and play-off round. The 10 top surviving teams are joining 22 seeded teams in the group stage‚in which there are eight groups consisting of four teams each. The eight group
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for the World Cup. So by a number of hands‚ how many of you have heard of the World Cup? I’ll be informing you all a little more knowledge about one of the biggest competitions in the world. (Change) I’ll be teaching you all about the history of the World Cup‚ awards given during the competition‚ and about the next World Cup. (CHANGE) First‚ we will be discussing the history of the FIFA World Cup. FIFA stands for Federation Internationale de Football Association. * The World Cup began back in
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