Earlier this week, quarterback Patrick Mahomes of the Super Bowl champs Kansas City Chiefs, signed a record-breaking, 10-year extension worth up to $503 million, making it the largest contract not just in NFL history, but in sports history. This means Mahomes will earn an average of over $130,000, per day. To put that number in perspective, the median … Continue reading $130,000 Salary – Per Day??
What’s Your “Big Bath”?
In business, there is a practice known as Big Bath accounting. The way the practice works is that when a company is having a bad year financially, it will opt to do everything it can to make it look as bad as possible. This may involve delaying revenue for the current year until the following … Continue reading What’s Your “Big Bath”?