I think the correct answer is D. The goal of expectation interest is to put the non-breaching party in the same position they would have been in if the contract hadn't been breached. Expectation interest is an interest of a party of having a benefit in a contract by being in a good position in the contract.
They will issue you a late fee which will be reflecting on your next billing statement.
The maximum mortgage payment allowed with an annual salary of $60,750 by using the standard 28/36 guidelines is $1,417.50. Thus Option B. is the correct answer.
<h3>What is the 28/36 guideline?</h3>
The 28/36 rule is a common-sense formula for determining how much debt a person or household should take on. A person should spend no more than 28% of their monthly gross income on housing expenses, according to this regulation.
So, by using the 28/36 guideline,
28% of 5062.5 (monthly gross income) is equal to $1417.50. Here $ 5062.5 is calculated by dividing $60,750 by 12 to get the monthly gross income.
Therefore, any person earning $60,750 as an annual salary should not spend more than $1417.50 for the purpose of monthly mortgage payments. Option B. is the correct answer.
To learn more about 28/36 guideline, refer to the link:
brainly.com/question/26158831
Answer:
$170,000.00
Explanation:
The amount of $170,000.00 will still be recorded as the value of the building, before considering accumulated depreciation.
<em>Fair value</em> of $1,000,000.00 or <em>selling price</em> of $900,000.00 does not affect the original value of the building in the company's balance sheet.