During the current year, the guileman manufacturing company signed a noncancelable contract to purchase 1,000 lbs. of a raw material at $32 per lb. during the forthcoming year. on december 31, the market price of the raw material is $26 per lb., and the selling price of the finished product is expected to decline accordingly. the financial statements prepared for the year should . an appropriation of retained earnings for $6,000.b. a loss of $6,000 in the income statement. c. nothing regarding this matter. d. a note describing the expected loss on the purchase commitment.

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.