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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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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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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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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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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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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Are you a golf enthusiast? If so‚ then you certainly know lots of information about this amazing sport and about the equipment and accessories you need. However‚ for those who don’t know what golf club is best to choose‚ here is a top 5 golf club brands. 1.Adams The PGA Tour stars that represent this brand are Aaron Baddeley‚ Tom Watson‚ and Bernhard Langer. The brand received several gold medals in different categories from the Hot List. There are lots of tour professional which have contracts
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Rock Bottom Golf Rock Bottom Golf is one of the leading discount golf retailers in the globe. Their main aim is to offer golfers with unbelievable deals on best quality golf equipment. For this first they purchase large numbers of closeout merchandise‚ keep their overhead as low as they can‚ leverage technology and then transfer the savings to the consumer. They may not have the whole lot that you are seeking for‚ but the prices on the products that it has are the cheapest one you can get and that
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