In determining the fair value of the asset or liability the exit price should be used. A fair price means the price that the asset or liability would get when sold in the market. So, the pair price will be determined by calculating the market price of such goods or liabilities or at what rate these goods or liabilities will be sold in the market.
The entry price would not be the correct price as the asset or liability may have been bought by the company many years ago. So based on this, the price of these assets would have increased as in the case. Sometimes the prices of these assets would have also decreased. The same reason is applicable to liabilities also.
This is known as the appreciation and depreciation of assets and liabilities. So to remove the effect of this the fair value will be based only on the exit price.
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Answer:
mislaid property
Explanation:
Based on the information provided within the question it can be said that the guitar represents mislaid property. This term refers to something that was left in a specific place with the intention of retrieving it later but then forgotten. Which is exactly what happened with the guitar, as Richard left it in the hotel for safe keeping but forgot to take it when he left the hotel for good.
Based on the information given the aggregate expenditures must be: $295 billion.
Using this formula
Aggregate expenditure= Consumption expenditures+ Total investment + Exports
Where:
Consumption expenditures=$200 billion
Total investment= $50 billion
Exports=$45 billion
Let plug in the formula
Aggregate expenditure=$200 billion+$50 billion+$45 billion
Aggregate expenditure=$295 billion
Inconclusion the aggregate expenditures must be: $295 billion.
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" The order can be accepted as given, and can be executed at the discretion of the brokerage firm at any time or day " is TRUE about the handling of this order.
Explanation:
In this case "Discretion" applies to free trading when a broker conducts business in an user's account without any of the customer being contacted first.
It typically means that the broker will determine how many stock, commitments or other securities to purchase or sell, at what cost, without customer input.
For example, a consumer might approve only blue-chip investments. If an investor prefers socially responsible investments, the broker may not bet in stocks or under-funded businesses. The investor can advise the broker, but allow the broker to spend as the broker sees fit, to preserve a certain stock to bond ratio. A broker handling a discretionary account shall follow (if applicable) the customer's explicit orders and limitations.
