When nick saban agreed to leave his job as head coach of, Ask an Expert

Accounting

When Nick Saban agreed to leave his job as head coach of the Miami Dolphins National Football League team to take a job as head football coach at the University of Alabama, he received a salary of $4 million per year for eight years. Ivan Maisel, a columnist for ESPN.com, wondered whether Saban was worth such a large salary: "Is Saban eight times better than the coach who outmaneuvered Bob Stoops of Oklahoma on Monday night? Boise State paid Chris Petersen $500,000 this season-and he still hasn't lost a game." Might Saban still be worth a salary of $4 million per year to Alabama even if he is not "eight times better" than a coach being paid $500,000 at another school? In your answer, be sure to refer to the difference between the marginal product of labor and the marginal revenue product of labor.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91749180

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question you manage a plant that mass-produces engines by

Question: You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function q = 5KL where q is the number of engines per week, K is the num ...

Question - maple mount fishery is a canning company in

Question - Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was ...

Question - lucky treasures enterprises issued 9 8-year

Question - Lucky Treasures Enterprises issued 9%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2013 and are issued on that date. The discount ra ...

Question - els an s corporation reported a business loss of

Question - ELS, an S corporation, reported a business loss of $1,000,000. Ethan, ELS's sole shareholder, is involved in ELS's daily business activities and he reports $1,200,000 of taxable income from sources other than ...

Question - on january 1 grissom inc issued 10-year 4 bonds

Question - On January 1, Grissom Inc. issued 10-year, 4% bonds payable with a par value of $500,000, and received $490,000 in cash proceeds. The market rate of interest at the date of issuance was 4.5%. The bonds pay int ...

Question - arnold companys raw material purchases during

Question - Arnold Company's raw material purchases during January, its first month of operations, were as follows: Quantity Cost per unit Total Costs 1/2 1,200 pounds 2.20 2,640 1/8 2,200 pounds 2.25 4950 1/15 2,800 poun ...

Question - maureen operates a cosmetics sales business from

Question - Maureen operates a cosmetics sales business from her home. She uses 400 of 1,600 square feet of the home as an office for the entire year. Her income before her home office deduction is $3,400 and un-apportion ...

Question - stellar company manufactures equipment stellars

Question - Stellar Company manufactures equipment. Stellar's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $200,000 to $1,500,000 and are ...

Question - a company receives a 850 utility bill for the

Question - A company receives a $850 utility bill for the current month but does not plan to pay the bill until early next month. Record the receipt of the utility bill using (a) accrual-basis accounting and (b) cash-bas ...

Question - bubbles cos reported 2018 beginning inventory of

Question - Bubbles Co's reported 2018 beginning inventory of $1,800,000, purchases of $9,000,000, and sales of $11,400,000. A physical inventory count at 12/31/2018 reported ending inventory of $2,100,000. Bubbles' gross ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert