1. At ABC Company, fixed costs amount to $1.5 million per year. The company's main product results in revenue of $8.50 per unit and variable costs of $4.25 per unit. What is the breakeven point in quantity per year?

2. What is the annual effective interest rate if the nominal annual interest rate is 24% compounded monthly?

3. Alberta-based ACME used a depletion factor of $2,500 per 100 tonnes to fully amortize the $35 million investment it made in its coal mine, which produces premium-grade lean metallurgical coal for the steel sector, depletion allowance so far totals 24.8 million. A new mining reserve assessment study indicates that there are only 800,000 tonnes of salable coal left. What is the new exhaustion factor that applies following this new study?