QUESTION 1: Note: due to rounding $10 was added to value of principal reduction in year 5. QUESTION 2: One of the reasons that the implicit rate (4%) is lower than the interest rate RCGC would have to pay to borrow the 89‚600 amount could be that the leasing company has a better credit risk rating than RCGC and can borrow at a lower interest rate. Another reason could be that the leasing company will get the carts back at the end of the lease and could lease them to a different company. Another
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REVIEW OF FACTS Rock Creek Golf Club is a public golf course owned by a private company and managed by Lee Jeffries. The case entails a debate about the golf carts used to take players around the course instead of walking around. The carts they already owned were old and there was a need for new golf carts. Approached by two salesman‚ Lee Jeffries was forced to chose to make a deal with one of them. Salesman A offered carts at $2‚240 each and at the end of five years the expected salvage value
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Case 27-2: Rock Creek Golf Club Submitted by: Adam Kessler Submitted to: Dr. Alan Czyzewski Submitted for: MBA 613 Submitted on: Wednesday‚ 4/11/12 Question 1 An amortization table has been completed regarding the potential loan that RCGC would need to obtain in order to fund the purchase of 40 gasoline-powered golf carts. RCGC would need to obtain a loan for $89‚600 at an eight percent interest rate for five years with a payment due at the end of each year in order to fund the purchase
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Case VI: Rock Creek Golf Club 1. Amortization schedule for the loan of $89‚600 at a rate of 8% for a term of 5 years‚ present value factor 3.993‚ and an annual installment of $22‚440: Year Balance of Principal (Jan. 1) Equal Annual Payment Payment of Interest Reduction of Principal Ending Balance of Principal 0 $89‚600 1 $89‚600 $22‚440 $7‚168 $15‚272 $74‚328 2 $74‚328 $22‚440 $5‚946 $16‚494 $57‚834 3 $57‚834 $22‚440 $4‚626 $17‚814 $40‚020 4 $40‚020 $22‚440 $3‚201 $19‚239 $20‚781 5 $20‚781 $22
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27 - An anticipated death age for musicians? Is it a curse or just a coincidence? The 27 Club‚ also known as ’’Forever 27 Club’’‚ ’’Club 27’’ or ’’Curse of 27’’ is a club in which popular musicians have become a member after they’ve died at age of 27. In the following I will look at the question of whether the theories and speculations of this ’’curse’’ are right or wrong. You probably know the deaths of Jimi Hendrix‚ Kurt Cobain or Amy Winehouse. They all died at the age of 27. These
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Competitive Landscape The golf industry is a competitive industry. It is especially competitive for Islington Golf Club. Islington has a lot of competition‚ 30 other courses within a 30 minute drive from Toronto and several located within 5-10 minutes. Many of the courses located close to Islington Golf Club have recently undergone renovations or have more amenities to offer members. These factors make it hard for Islington to get new members because they do not have the extra money for renovations
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interested in – The 27 Club. The 27 Club is basically a listing of popular musicians who died at the age of twenty-seven. A common thread that links all of these artists is that they all had lifestyles influenced by the abuse of drugs and alcohol. It is not documented who first came up with the idea of the Club‚ but the idea started after the death of four famous musicians. There are many theories‚ mysteries and myths surrounding the lives and deaths of the members of The 27 Club. In this essay I
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Introduction Technology has evolved over millions of years to writing on rocks in caves to writing on a piece of paper made from trees. These improvements have impacted the world in positive and negative ways. Positive ways can be such as the telephone it has gone from being a brick to a thin and small which has helped for holding it and when you are ringing someone. A negative impact can be such as drugs because of the new technology people just walking around on the streets can create their own
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Augusta National Golf Club Table of Contents EXECUTIVE SUMMARY 2 1.0 INTRODUCTION 3 1.1 PURPOSE 3 1.2 SCOPE 3 1.3 SOURCES AND METHODS 3 1.4 LIMITATIONS 3 1.5 BACKGROUND 3 2.0 DISCUSSION OF ANALYSIS 4 2.1 COMMUNICATION CHANNEL 4 2.2 PERSUASION 5 2.3 COMMUNICATION CLIMATE 5 2.4 ARGUMENT 5 2.5 PERCEPTION DISTORTION 6 2.6 CONFLICT SPIRAL 7 3.0 CONCLUSION 7 4.0 RECOMMENDATION 8 4.1 COMMUNICATION CHANNEL 8 4.2 PROBLEM-ORIENTED APPROACH 8 4.3 ATTITUDE AND PERCEPTION 8 4.4 SELF-MONITORING
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Quintero Golf Club in Peoria‚ AZ was established as a private club with 130 international members in 2000. However it is now a semi-private club with a guest play program‚ allowing outside visitors to use the facilities on an available basis. There is also a "Member for a Day" programs that allows Arizona Golf Association participants to use the course at the guest fee rate. The course was developed by the renowned golf designer Rees Jones and the championship course is 7208 yards from the tees
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