Cash Budgets, Controls, and Management in Clubs

Cash is important, because it pays for all expenses and obligations. On an annual basis, designated individuals will compile a cash budget for the coming year, which club management will use as a blueprint to operate their clubs and ascertain the timing of the cash inflows and outflows. This study, therefore, explored the extent to which cash budgeting is used in clubs, the various cash budget practices, and whether such practices differ by the demographic characteristics of the clubs. The results showed that cash management in clubs rested largely in the hands of the chief financial officers and the general managers (GM). While 17.5% of the clubs had their GMs as the responsible person preparing the cash budget, this dropped to only 7.7% when it came to daily monitoring of the amount of cash in the clubs. The cash amount in the bank account of the respondents’ club ranged from less than $100,000 to more than half a million dollars. Subgroup analyses by demographic characteristics also showed statistically significant differences in the: (1) person responsible for daily cash monitoring, (2) person responsible for preparation of the cash, and (3) the targeted amount of cash in the club’s checking accounting

Ethanol Marketing and Input Procurement Practices of U.S. Ethanol Producers: 2008 Survey Results

A mail survey was used to collect information about input procurement and ethanol and co-product marketing practices from 60 U.S. ethanol production facilities. Data were used to answer questions about the conduct or behavior of ethanol producers. It was anticipated that firm conduct or behavior would be fairly homogeneous because the ethanol industry was in Stage II of the industry life-cycle, and societal support for ethanol production resulted in large volumes of publicly available information about technology and markets. Age of facility, size of facility, and type of ownership jointly explained a limited number of differences in responses across ethanol facilities, thus supporting the concept of fairly homogeneous conduct or behavior.entry timing, ethanol, farmer-owned cooperatives, industry life-cycle, Agribusiness, Resource /Energy Economics and Policy, Q11, Q42,

WHAT KEEPS HOTEL ASSET MANAGERS UP AT NIGHT: KEY INDUSTRY ISSUES AND PROPOSED SOLUTIONS

The Hospitality Asset Managers Association (HAMA), which represents hotel owners globally, regularly surveys its members to identify issues of concern to owners. The association conducts an annual student competition to research these issues and present their results at the annual HAMA conference. The article identifies these issues and presents research conducted by one of the students on the issue of hotel room service and recommends alternatives to room service

Bankers’ Attitudes and Satisfaction with Lodging Feasibility Studies

This study examines the opinions of large banks about the importance of typical items found in a lodging feasibility study and the extent of their satisfaction with the analysis presented in these studies. In order to determine bankers\u27 attitudes about and satisfaction with lodging feasibility studies, a survey was distributed to large banks with asset holdings of over $2 billion. Results show that, while bankers did consider most sections of current feasibility studies important, they seemed to be dissatisfied with the usefulness or reliability of various sections of the report. As such, some important issues relevant to the structure of current lodging feasibility studies are better understood

Knot theory : in imitation of Lewis Thomas

Knot Theory: In Imitation of Lewis Thomas is a collection of 14, 1200-word essays written in the style of Lewis Thomas, a physician who regularly contributed to The New England Journal of Medicine. His 1200-word column, "Notes of a Biology Watcher," ran from 1971 - 1980. The resulting compilations collectively received three National Book Awards, and one the compilations, The Medusa and the Snail, was the 1980 finalist for the Pulitzer Prize in general nonfiction. His pieces were focused on topics related to science and medicine and were written in the genre of the essay. My background in mathematics and strong interest in the sciences made Thomas an ideal subject to imitate, particularly because Thomas saw science as inextricably intertwined with mystery, human limitations, and finite brains attempting to understand a universe vastly larger than themselves. Knot Theory attempts to address many of these issues in a way that honors Thomas and continues the tradition of the essayist while exploring the nature of imitation