On april 17, 2018, the loadstone mining company purchased the rights to a coal mine. the purchase price plus additional
costs necessary to prepare the mine for extraction of the coal totaled $4,500,000. the company expects to extract
900,000 tons of coal during a four-year period. during 2018. 240,000 tons were extracted and sold immediately.
required:

1‘ calculate depletion for 2018.

2 discuss the accounting treatment of the depletion calculated in requirement 1.

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.