Tockholders’ equity paid-in capital preferred stock, cumulative, 12,000 shares authorized, 7,200 shares issued and outstanding $ 756,000 common stock, no par, 734,000 shares authorized, 564,000 shares issued 1,692,000 total paid-in capital 2,448,000 retained earnings 1,187,000 total paid-in capital and retained earnings 3,635,000 less: treasury stock (7,500 common shares) 40,000 total stockholders’ equity $3,595,000 from a review of the stockholders’ equity section, answer the following questions.

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

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?