During 2019, a company purchased a mine at a cost of $4,324,000. The company spent an additional $760,000 getting the mine ready for its intended use. It is estimated that 460,000 tons of mineral can be removed from the mine and the residual value of the mine will be $760,000. During 2019, 61,000 tons of mineral were removed from the mine and 51,000 tons were sold. Which of the following statements is incorrect with respect to the accounting for the mine?
a. The book value of the mine on December 31, 2014 was $3,750,600.
b. The inventory of minerals was $94,000 at December 31, 2014.
c. The 2014 cost of goods sold was $479,400.
d. The book value of the mine decreased $573,400 during 2014.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

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