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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we calculate the NPV @ 8%/ year‚ and the second scenario is that RCGB purchases the carts using borrowed money @ 8%‚ payable in 5 years (amortization schedule shown in Question 1). First scenario: RCGB uses own funds to purchase the carts. In this case‚ by comparing the NPV of the Purchase option versus the Lease option (see calculations below)‚ we can see that the NPV (@ 8%) of the Lease option is higher by $9‚826 than the NPV of the Purchase option. Even the tax shield from depreciation and the
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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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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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Accounting Project James Nevin Term 2 2012 Income‚ Expenses and Recording System Income: The Western Cape Soccer Club has multiple sources of income‚ the main ones being: * Membership Fees – The Club has 260 members who pay different annual prices. Juniors pay R100 per annum and adults pay R250 per annum. * Entrance Fees – The Club charges entrance fees for all new members. Juniors pay a fee of R200 and adults pay a fee of R400. * Tuckshop and Bar – The Club runs a tuckshop and
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Just as golf balls‚ your golf club is essential to the game of golf. If you are under the impression that any golf clubs will suffice‚ then you clearly have not been on the course trying to use a club that is too short or too long. Trying to compensate for an ill-fitting golf club can not only make a shamble of your game but also leave you aching afterwards. Further‚ you are probably not hitting the ball at your best and‚ certainly‚ not enjoying the game as you would otherwise. Is this to suggest
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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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