Answer:
B. $124,000
Explanation:
The balance for Maxwell's capital account will be $124,000 i.e the total Market value of the building he is investing minus the mortgage that is supposed to be paid by the partnership.
$180,000 - $ 56,000 = $124,000
The deductible only is paid when a claim occurs. If you have a year without a claim, you will pay $25 a month
Answer:
$27,000
Explanation:
Assuming the minimum cost per day is the same as the penalty for each day the project lasts longer than 27days which is $1,000
Mininum completion cost = 27 × $1,000 = $27,000
