Hotel management companies came about because:
a. early lease arrangements between hotel owners and independent hotel managers proved inadequate.
b. the tax reform act of 1986 made it more advantageous for hotel owners to hire hotel management companies rather than buy a franchise or run the hotel themselves.
c. individuals who didn't know much about hotels, such as developers and real estate investors, built hotels and wanted experienced people to run them.
d. hotel chains were no longer interested in managing their own properties.

Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.