Thanks!
Question #3 is on cost accounting:
I traded 10K Marriott points, which I value at about 0.8c per mile, or $80, for 8,000 Wyndham points, which I value at about $90. All assumptions are based using the value of points on the best hotel that the top tier could get me.
In terms of determining the value of the Wyndham hit that I will receive, which of the following is the most valid way to do it?
1) It cost $80. I traded 10,000 Marriott points for the hit and I value those points at $80.
2) It cost $70. The Wyndham points were worth $10 more than the Marriott points, so I need to incorporate that savings into the price, since I saved $10 by not having to use my own Wyndham points (which I don't have).
3) I gained $10. The Wyndham hit was worth $90, I paid $80, thus I made a net profit of $10.
I won't say which way I'm leaning, so as not to influence the crowd.
Mike