Oriole company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $1,080,000 on march 1, $720,000 on june 1, and $1,800,000 on december 31. oriole company borrowed $600,000 on march 1 on a 5-year, 10% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $1,200,000 note payable and an 11%, 4-year, $2,100,000 note payable. compute avoidable interest for oriole company. use the weighted-average interest rate for interest capitalization purposes. (round "weighted-average interest rate" to 4 decimal places, e. g. 2.5125 and final answer to 0 decimal places, e. g. 5,275.)

The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated. b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed. c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days. d. both a and c