Two years ago, gina loaned tom $50,000. tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. last year, when the balance owing on the loan was $18,000, tom defaulted on the note. as of the end of last year, there appeared to be no reasonable prospect of gina recovering the $18,000. as a consequence, gina claimed the $18,000 as a nonbusiness bad debt. last year, gina had agi of a negative $6,000 which included $5,000 net long-term capital gains and $4,000 of qualified dividends. gina did not itemize her deductions. during the current year, tom paid gina $13,000 in final settlement of the loan. how should gina account for the payment in the current yea

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.