1. What is the difference accounting and finance?
2.Why is understanding sport economics important for someone working in sport finance?
3. Briefly explainthe diffences among a balance sheet, a cash flow statement, and an income statement.
4. What happens to the present value of an annunity if the discount rate is increased? What happens to the future value if the discount rate is increased?
5. If we assume an interest rate of 5% would you rather have $1,000 today or receive $1,120 in 3 years?
6. Assume that two athletes sign 10-year contracts that pay out a total of $1000 million over the life of the contracts. One contract will pay the $100 million in equal installment over the 10 years. The other contract will pay the 100 million in installment increase 5% per year. Which athlete received the better deal?
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