On May 1, 2021, Sheffield Company sells office furniture for $315600 cash. The office furniture originally cost $757600 when purchased on January 1, 2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $75400. What gain should be recognized on the sale? 1) $20,250.2) $10,125.3) $6,750.4) $7,500.

wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.