These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
<h3>What does Conceptual Framework say about profit and loss?</h3>
- The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
- The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
- Nonoperating are “other” gains and losses.
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Answer: Calculate his net working capital
Explanation:
The net working capital shows a company's ability to pay off its short term obligations using its current assets.
It is calculated by subtracting the current liabilities of a company from its current assets. When net working capital is high, a company has enough to ensure that it can grow in the short run but when the net working capital is little or negative, the company will have a hard time paying off short term obligations which will affect its financial health.
The pricing strategy that companies mostly use for luxury products is "Premium pricing".
Explanation:
- Premium pricing is a type of pricing strategy by which a high rate is fixed for a high quality product produced by that company.
- Premium pricing is also known as Prestige pricing.
- Rate and cost of most of the luxury and high quality product produced by a company will always tend to be higher in order to make sure that the company doesn't face any loss, On the other hand premium pricing is the key strategy for producing higher profit for a company.
- On the other it increases the brand value of that company and make them look significant based on their quality of product produced.
There are more than 65 million members worldwide in Hilton honors.
There are many hospitality companies in the world. Hilton
honors is one of the largest and fast growing company in hospitality. There is
gold and diamond membership also with many benefits. It has more than 5000
properties in 103 countries worldwide.