Should College Athletes Get Paid - 853 Words

Should College Athletes Really Get Paid? The question whether â€Å"If college athletes should get paid or not?† has been debated for many years. The debate is brought up every year during the NCAA men’s basketball, March Madness competition, and starts again when football season begins. College athletes do provide entertainment for sports fans, but all the benefits that they do receive should limit them from being paid. The benefits student athletes obtain is free tuition, health coverage, and an opened opportunity for their future. The existence of sports over the past 100 years has always been about support, excitement, and coming together as a team. The real question is, are student athletes actually playing for the â€Å"love of the game†? Even though college athletes provide entertainment for sport fans, they should not get paid because of many other privileges they receive. Student athletes are already compensated by the universities’ benefits. Sure, not every student athlete is on a full ride, but they are still receiving educational benefits and living expenses. They do not have to worry about money for textbooks, campus housing, meal plans, student loans and other student required responsibilities. Usually at bigger universities, if student athletes not doing well in that subject, they are required to go into one-on-one tutoring which is also free for them. Even while conditioning, student athletes are offered free professional physical therapy, athletic trainers, andShow MoreRelatedShould College Athletes Get Paid?1338 Words   |  6 Pages13,2016 Should College Athletes Get Paid College sports are something that everyone has thought about, and many question whether or not they should get paid for it. Many Americans question whether or not it is right or wrong to pay college athletes to play sports. College athletes deal with a lot, from balancing classes to long practices in the evening. College is supposed to be a time when some individual figures out what he or she wants to do, but not for athletes. Most college athletes go to collegeRead MoreShould College Athletes Get Paid?1742 Words   |  7 PagesShould College Athletes Get Paid? Should college athletes be paid? This has been a controversial topic ever since college sports started. Many people argue that they should. Many people argue that they should not. College athletes should get paid because they work extremely hard playing their sport. The people that say they should be paid argue that the amount of time athletes dedicate is equivalent to a full-time job, and maybe even more. The people that say they should not get paid argue that collegeRead MoreShould College Athletes Get Paid?1196 Words   |  5 Pagesa huge debate on whether or not college athletes should be paid. For years now college athletes have gone out and performed on national television, working hard to make it to the next level. They have given it there all, and not only that, the athletes bring in about $11 billion in annual revenue from college sports. Now days, sports is a business, and college sports are the same. Division 1 college sports provide a lot of income for the universities. Many athletes receive scholarships and a littleRead MoreShould College Athletes Get Paid?999 Words   |  4 PagesPlaying a college sport today is not just fun anymore. College sports are becoming a business and the athletes are the workers. The money some sports programs make from ticket sales, concessions, and media exposure is tremendous. Students playing sports are the ones people pay money to watch, so do the colleges not pay the athletes since they are the ones that bring in the money. They train year around to make themselves and their team better but what do they see for all of this hard work and dedicationRead MoreShould College Athletes Get Paid1503 Words   |  7 PagesTrey P. Ragas Mr. Derm English 4 21 April 2016 Should College Athletes Get Paid In the course of recent decades, school sports have increased enormous ubiquity over the United States. Whether it be football, ball, or hockey, since the time that the turn of the century, intercollegiate games have acquired an overflow of income to their separate Universities, and in addition expanding the fame of the College s notoriety. For instance, in a study directed by the Orlando Sentinel, it wasRead MoreShould College Athletes Get Paid?793 Words   |  4 Pagesscholarships given to college athletes are not sufficient enough to sustain them throughout the year, which is why I believe they should get paid and receive benefits. Student athletes, especially football and basketball players, play a major role in generating revenue for schools, businesses, coaches and the players do not see a penny. College athletes often do not have money in their pockets for extra food, clothes, housing and extracurricular activities. They also can potentially get dropped from theirR ead MoreShould College Athletes Get Paid?942 Words   |  4 Pagespopularity of college basketball and football keeps increasing each sport season. These sports bring in millions of dollars towards there universities every year. Are these universities ripping these athletes off? Should college athletes get paid? They risk their bodies to bring money for their school. While college athletics bring money toward their schools, paying athletes would change the main role of the university which is to get an education. Athletes forget that they are student-athletes. It seemsRead MoreCollege Athletes Should Get Paid1749 Words   |  7 PagesCollege athletes should get paid Imagine working day in and day out every day to meet academic standards and trying to keep your level of play competitive up. That’s what college athletes go through every day. College athletes have gained immense popularity over the past few decades. The NCAA took advantage of this and made billions of dollars off college athletics According to USA Today, the NCAA last season the NCAA made over $845 Billion dollars in revenue from games, merchandise sales, televisionRead MoreShould College Athletes Get Paid?2214 Words   |  9 Pages Jasmine Arenas College Athletics: Should college athletes get paid? Over the years, we have seen colleges and universities benefit extremely from their sports programs. Every year a great team brings tremendous amounts of revenue for their university. However, as these universities increase their finances, their athletes are falling behind financially, academically, socially and personally creating a huge burden upon them. College/university athletes practically work overtime for their academicRead MoreShould College Athletes Get paid1051 Words   |  5 Pages2014 Are college athlete’s players or employees? The idea of paying a college athlete appears to be outrageous to some. The thought of giving someone money for something they have chosen to do may not appear to be fair. The greatest concern is where to draw the line. Should the decision be based on the amount of money and fame the program generates? Why should athletes be treated special and receive compensation for their contribution to the school? One major factor is that athletes make numerous

The Main Costs And Benefits Of The Financial Sector Of Uk

1: Introduction The financial sector, which is seen as the brain of the economy, plays a pivotal role in providing and channeling finance for consumption and investment in UK economic system (Whittaker, 2002). It encompasses a broad range of financial institutions including banks, building societies, insurance companies and pension funds. Banks, which account for 57% of gross value added of the UK financial sector in 2011, are the key players in the UK financial system (Burgess, 2011). In fact, a well-functioning financial sector could underpin the prospering economy of UK in normal and non-recessionary times. However, a flawed financial system without proper regulation would eventually lead to economic disaster particularly during†¦show more content†¦A well-functioning financial sector should perform smoothly in these aspects. First, the financial sector provides a safe and efficient payment system, which is essential to support the day-to-day business of the UK economy. Millard and Willi son (2006) suggest that an efficient and stable national payment system decreases the cost of exchanging goods and services, and is essential to the functioning of interbank, capital and financial markets. Second, financial institutions perform the financial intermediation role of transferring funds from surplus units to deficit units (Waitzer Sarro, 2014). In contrast to the barter economy, the financial sector sits between savers and borrowers: taking funds from depositors and making loans to borrowers, linking together households, companies, and governments. As such, financial sector could allocate the surplus funds in the society to their most efficient use in the needed areas (Diamond, 1984). For example, the credit provision to SMEs fuels real business to invest in new buildings and machineries to foster their growth. In this way, financial sector benefits the nation by expanding the whole society’s productive capacity, then improving people’s living standards eventually. Third, a well-run financial system facilitates the management and allocation of certain risks (Baily Elliott, 2013). Financial intermediaries have

Sources of Finance Test Free Essays

Q1. Select the following factors to the appropriate statements, which can influence the choice of financing sources for any company? (PD) Equity is expensive as compared to Debt Sources for raising finance may be limited to a company Long-term finance may be expensive but secured The liquidity position of any company COST TIME ACCESSIBILITY GEARING (2 marks) Q2. A company is considering paying some of its debts using a short-term source of finance but is unable to decide which one to choose. We will write a custom essay sample on Sources of Finance Test or any similar topic only for you Order Now The following statements are given by the company finance director. Select the appropriate short-term source of finance according to the statements. (HA) â€Å"The company has to pay interest only on the overdrawn amount† LOAN OVERDRAFT BOTH â€Å"The finance will be documented by the finance provider indicating how much the company will pay each month† LOAN OVERDRAFT BOTH â€Å"If any covenants are breached the amount will instantly be repayable in full with interest† LOAN OVERDRAFT BOTH (2 marks) Q3. Kofi Co. has $15,000 loan taken from the bank at 12% interest over five years. What will be the amount of each payment if the payments are made half yearly and loan agreement allows gradual repayment? The answer to the nearest $. (FIB) 4419601841500$ (2 marks) Q4. Barney Co. has a current share price of $2.7/share has 8,000 ordinary shares. Barney is offering its shareholders two shares for every six ordinary shares at a 30% discount rate. What is the theoretical ex-rights price if assumed that all existing shareholders take up the share? (MCQ) $2 $2.3 $2.5 $2.7 (2 marks) Q5. Christmas Co. is currently in need of finance. The cash will be raised through three for every five right issue at 25% discount to its current share price which is $4.5. Christmas Co has in total issued 1 million shares with a $375,000 issue cost. Calculate the theoretical ex-rights price per share? (MCQ) $3.56 $3.94 $4.08 $4.31 (2 marks) Q6. Church Co. wants to invest in a project having a positive NPV. The company has no restriction to its sources of finance and has decided to issue one for every four right issue to its existing shareholders at a subsidized rate of 63% of the current share price of $6.2. The company has to issue 1 million shares with a $0.906 issue cost per share. Calculate the theoretical ex-rights price per share? (MCQ) $3.96 $4.28 $5.23 $5.56 (2 marks) Q7. Duero Co. is offering 1 for 5 right shares at a 20% discount to the current share price of $5.4/share. The company has in total 10,000 ordinary shares one of the shareholders Zing holds 2,000 ordinary shares of Duero Co. What should Zing not do? (MCQ) Take up the share Sell the right issue Do nothing Do everything (2 marks) Q8. Saco Co. has offered its current shareholders two for every four right shares at 26% discount to its current share price of $8.1/share. The company has in total 3,000 ordinary shares. Calculate the value of right? (FIB) 4216405778500$ (2 marks) Q9. Rues Co. is a listed company on the stock market. The Board of directors just agreed to acquire Fuse Co a competitor for $3 million and have agreed to buy using only equity finance. You are the head of the Treasury Department and the directors want an advice on which of the following sources of finance can be used? (MRQ) Using last years retained earnings reserve of $3.7m Issuing a right issue to its shareholders at 10% discount Issuing scrip dividends of $3.3m A bank loan of $4m at 5% interest paid annually (2 marks) Q10. Which of the following reasons would be for a newly listed company to obtain finance from the general public? (MRQ) Access to a wider pool of finance Enhancement of company image Marketability of shares Possible future growth (2 marks) Q11. Which of the following equity sources of finance will be selected if the following factors are taken into consideration? (HA) Cost (Cheapest) PLACING RIGHTS ISSUE PUBLIC OFFER Control (No loss) PLACING RIGHTS ISSUE PUBLIC OFFER Price of shares (Highest) PLACING RIGHTS ISSUE PUBLIC OFFER (2 marks) Q12. Which of the following is a key feature of debt as a source of finance? (MCQ) Interest must be paid irrespective of the level of profits Debt holders are repaid last in the case of liquidation Debt holders hold full voting rights Debt holders have high levels of risk, compared to providers of other sources of finance, and therefore debt attracts the highest return (2 marks) Q13. The following statements indicate which sources of bonds? (HA) A debt instrument backed by the reputation of the issuer DEBENTURES DEEP DISCOUNT ZERO DISCOUNT A bond which requires no interest DEBENTURES DEEP DISCOUNT ZERO DISCOUNT A bond sold lower than its face value DEBENTURES DEEP DISCOUNT ZERO DISCOUNT (2 marks) Q14. Which of the following characteristic differentiates Loan notes with a warrant with Convertible loan notes? (MCQ) The minimization of the negative investor interpretation The option to subscribe a number of shares at maturity An option to subscribe predetermined shares at a predetermined cost The option is hidden in the loan notes (2 marks) Q15. What does the term Riba refer to in Islamic sources of finance? (MCQ) A lease contract A sale on credit A partnership agreement in which any profit/loss is divided equally A predetermined percentage set by the lender received above the principal amount (2 marks) Q16. Select the appropriate option. (HA) In a Mudaraba contract, the Rabb-ul-mal will bear all the losses TRUE FALSE In Musharaka contract, all parties must provide equal work TRUE FALSE In Ijara contract, the lessor can gift the asset to the lessee without any documentation TRUE FALSE (2 marks) Q17. Which of the following is the best statement to describe a Sukuk bond? (MCQ) An equity in Islamic finance where profits are pre-agreed A lease in Islamic finance where lessor retains ownership of the asset A trade credit in Islamic finance where pre-agreed on markup is agreed in advance for the convenience of paying later A bond in Islamic finance where bondholder owns the asset and its risk reward (2 marks) Q18. Which of the following is/are handicaps faced by the small-medium entities? (MRQ) The business has no history available nor any long track record Banks are hesitant to invest in these entities due to limited securities Maturity Gap Shares can be placed privately (2 marks) Q19. Any wealthy individual or a particular group can directly invest in a small business. Which of the following does the above definition belong to? (MCQ) Owner Financing Equity Financing Business Angel Financing Supply chain Financing (2 marks) Q20. Which of the following relates to a government aid given to small-medium entities? (MCQ) Loan Schemes Crowd Funding Peer to Peer Funding Venture Capital (2 marks) Q21. The statements given below relate to small-medium entities. Are statements true or false? (HA) A funding gap is a common problem for SME’s TRUE FALSE The medium-term loan is difficult for SME’s due to maturity gap TRUE FALSE (2 marks) Q22. â€Å"It is a series of tax relief to encourage investments in small unquoted companies carrying a qualifying trade†. The definition above relates to? (MCQ) Enterprise investment scheme Venture capital Share incentive scheme Loan guarantee scheme (2 marks) SOURCES OF FINANCE (ANSWERS) Q1. Equity is expensive as compared to Debt COST Sources for raising finance may be limited to a company ACCESSIBILITY Long-term finance may be expensive but secured TIME The liquidity position of any company GEARING Q2. â€Å"The company has to pay interest only on the overdrawn amount† OVERDRAFT â€Å"The finance will be documented by the finance provider indicating how much the company will pay each month† LOAN â€Å"If any covenants are breached the amount will instantly be repayable in full with interest† BOTH Q3. $2,655 12% annuity factor for 10 repayments = 5.650 Payment amount = 15,000 à · 5.650 = $2,655 Q4. C Issue price = $2.7 Ãâ€" 70% = $1.89 TERP = [(6Ãâ€"2.7) + (2Ãâ€"1.89)] à · (6+2) = $2.5 Q5. B Issue price = $4.5 Ãâ€" 75% = $3.375 Issue cost = $375,000 à · 1,000,000 = $0.375 Issue price = $3.375 – $0.375 = $3 TERP = [(5Ãâ€"4.5) + (3Ãâ€"3)] à · (5+3) = $3.94 Q6. D Issue price = $6.2 Ãâ€" 63% = $3.906 Issue price = $3.906 – $0.906 = $3 TERP = [(4Ãâ€"6.2) + (1Ãâ€"3)] à · (1+4) = $5.56 Q7. C Issue price = $5.4 Ãâ€" 80% = $4.32 TERP = [(5Ãâ€"5.4) + (1Ãâ€"4.32)] à · (1+5) = $5.22 Take up the share Wealth (2,400 shares Ãâ€" $5.22) = $12,528 Payment (400 shares Ãâ€" $4.32) = ($1,728) Total = $10,800 Sell the share Wealth (2,000 shares Ãâ€" $5.22) = $10,440 Payment (400 shares Ãâ€" $0.9) = $360 Total = $10,800 Do nothing Wealth (2,000 shares Ãâ€" $5.22) = $10,440 Q8. $0.702 Issue price = $8.1 Ãâ€" 74% = $5.994 TERP = [(4Ãâ€"8.1) + (2Ãâ€"5.994)] à · (2+4) = $7.398 Value of right = $8.1 – $7.398 = $0.702 Q9. Using last years retained earnings reserve of $3.7m (Equity) Issuing a right issue to its shareholders at 10% discount (Equity) Issuing scrip dividends of $3.3m (Dividend policy) A bank loan of $4m at 5% interest paid annually (Debt) Q10. All reasons Q11. Cost (Cheapest) PLACING Control (No loss) RIGHTS ISSUE Price of shares (Highest) PUBLIC OFFER Q12. A Q13. A debt instrument backed by the reputation of the issuer DEBENTURES A bond which requires no interest ZERO DISCOUNT A bond sold lower than its face value DEEP DISCOUNT Q14. C The minimization of the negative investor interpretation (Advantage) The option to subscribe a number of shares at maturity (Feature of Convertible loan note) An option to subscribe predetermined shares at predetermined cost (Amount to be paid in Loan notes with a warrant) The option is hidden in the loan notes (Hidden in Convertible loan notes) Q15. D A lease contract (Ijara) A sale on credit (Murabaha) A partnership agreement in which any profit/loss is divided equally (Musharaka) A predetermined percentage set by the lender received above the principal amount (Riba) Q16. In a Mudaraba contract, the Rabb-ul-mal will bear all the losses TRUE In Musharaka contract, all parties must provide equal work FALSE In Ijara contract, the lessor can gift the asset to the lessee without any documentation FALSE Q17. D An equity in Islamic finance where profits are pre-agreed (Mudaraba) A lease in Islamic finance where lessor retains ownership of the asset (Ijara) A trade credit in Islamic finance where pre-agreed on markup is agreed in advance for the convenience of paying later (Murabaha) A bond in Islamic finance where bondholder owns the asset and its risk reward (Sukuk) Q18. The business has no history available nor any long track record (Handicap) Banks are hesitant to invest in these entities due to limited securities (Handicap) Maturity Gap, Mismatching of maturity of assets liabilities (Handicap) Shares can be placed privately (Advantage) Q19. C Owner Financing, Finance from personal resources Equity Financing, Finance via privately placed shares Business Angel Financing Supply chain Financing, Financing by selling invoices at a small discount in order to obtain the cash in advance of the invoice due date Q20. A Loan Schemes, Some governments may provide loan schemes to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record Crowd Funding, Raising money from a large number of people Peer to Peer Funding, the Alternate name for Crowd Funding Venture Capital, Funding by private companies Q21. A funding gap is a common problem for SME’s TRUE The medium term loan is difficult for SME’s due to maturity gap TRUE The funding gap is the shortfall in the capital during its operations which is a common problem for SME’s. Mismatching of maturity of assets ; liabilities is known as maturity gap which does not provide suitable security for a medium-term loan. Q22. A How to cite Sources of Finance Test, Papers