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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MKG 62200 - Bear Creek Golf Range Executive Summary - Qiuyi Wei Company Bear Creek is founded by Dan Shay and George Patton in 1993‚ who is retired as a respectable professional player and earned recognition as one of the most knowledgeable PGA Class A professionals in America. The goal of Bear Creek Golf Range is to provide a premier golf experience for serious golf skills through practice and with the guidance of expert instruction. The range cater to these serious golfers by providing first-class
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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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Melecio D. Magallon Marketing Strategy October 12‚ 2014 BEAR CREEK GOLF RANGE CURRENT SITUATION: Established by Dan Shay and George Patton on May 1‚ 1993‚ Bear Creek Golf Range was to be a professional golf range whose goal was to “establish an image as the ‘professional golfing center’‚ run by professionals.” The company emphasis was on its ability to provide top quality training and service to experienced serious golfers. It also hoped to provide its golfers with first-class amenities that
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Paul Shim Miguel Estagle Crystal Yun Katelynn Mayfield Rachel Duncan 2.Evaluate the extent to which the American West a land of opportunity for various groups from 1865 to 1900. (Paul Shim chapter 27 #2) The popular idea of westward expansion was still thriving in the United States‚ which caused many people to migrate towards the west. The American West in the second half of the 19th century was a land of opportunity on the surface‚ but it also had its hardships for people such as the average farmer
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Unit 27 Assignment 2 Environmental Potential risks identified area of concern Loose wires Slippery floors Over crowding Raised carpets (uneven flooring) Broken door handles Broken/ exposed wires Control measures to minimise risk Tripping‚ pulling everything with you if you trip‚ causing more potential damage to your selfothers nearby and the equipment. Risk of injury increase if the one who tripped was carrying items i.e. boxes. Risk of slipping and getting injured. If the area is overcrowded
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Australian’s national identity‚ while powerfully displaying the magnificent landscape. “Wolf Creek 2” is a film which fits these criteria. “Wolf Creek 2”‚ directed by Greg McLean and released in February 2014‚ is a film which everyone should see because of the clever way stereotypes are challenged‚ Australian values are shown‚ and cinematography shows the natural beauty of outback Australia. “Wolf Creek 2” is about a couple of foreign travellers backpacking around Australia who are disturbingly
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