On january 1, 2016, randolf company signed a contract to have rory associates construct a manufacturing facility at a cost of $14,000,000. it was estimated that it would take three years to complete the project. also on january 1, 2016, to finance the construction cost, randolf borrowed $14,000,000 payable in seven annual installments of $2,000,000 plus interest at the rate of 9%. during 2016, randolf made progress payments totaling $5,000,000 under the contract, and the average amount of accumulated expenditures was $3,000,000 for the year. the excess borrowed funds were invested in short-term securities, from which randolf realized investment income of $330,000. what amount should randolf report as capitalized interest at december 31, 2016?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.