A coal company invest $12 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion expense for the first year?

FranticHouse Partners, L.L.C., does home remodeling and repair. All employees are bonded, so the firm's risk exposure to employee fraud is

A) reduced. B) shared. C) avoided. D) accepted.

Kimberley puts $200 pre-tax in a special account each month to use to help pay for her health care options. She is participating in a __________________

a. preferred provider organization b. health maintenance organization c. health savings account d. consumer-driven health plan.