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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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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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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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 and the concept of sunk costs. Finally‚ the case furnishes an opportunity to develop cost-volume-profit
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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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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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IMC Proposal: Second Cup Second cup was seen a popular coffee house for many Canadians‚ focusing on a comfortable and warm atmosphere for its customers to socialize with friends or catch up on some work. Known as one of the higher class coffee houses‚ Second Cup offers many specialty beverages and sweet treats‚ in addition to Wi-Fi access in all of their franchises. The purpose of selecting Second Cup for the IMC is because they have to some extent ‘dropped off the map’. This coffee house has for
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INTRODUCTION: CASE BACKGROUND & ISSUES CUP Corporation was one of the largest insurance firms based in Europe. It had a worldwide operation and was recently acquired by another major insurance company. The firm had made a series of acquisitions to broaden the types of insurance offerings and expanding the market needs. It sold a various forms of insurance in the health‚ life‚ casualty‚ property and automotive areas. Customer segments of the firm’s services are divided into two groups of agents
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The Starbucks 2015 “Red Cup Controversy” In 1997‚ Starbucks debuted their first Holiday Cup featuring designs of holiday symbols such as ornaments and snowflakes. On November 1 2015‚ the company debuted a minimalistic ombré red cup without such motifs. According to the Starbucks Newsroom site‚ the 2015 design “is another way Starbucks is inviting customers to create their own stories with a red cup that mimics a blank canvas” (2015). However‚ on November 5‚ American evangelist‚ former pastor and
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is evidently clear that homelessness in dogs is an issue and must therefore be addressed. Pups ‘n’ cups is a store that aims to revolutionize dog adoption by reinventing the way people connect with rescues who need homes. Similar to a half-way house‚ Pups ‘n’ Cups help rehabilitate and showcase the dogs’ true potential and personality in an open‚ inviting environment. Through socializing over a cup of coffee and playing with the rescued hounds‚ life long bonds are formed‚ which can initiate an adoption
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