Mortimer is an avid collector of antiques associated with the funeral industry. the local hospital is running a campaign to redecorate and expand their lobby, and as a show of support, mortimer donates a 19th century horse-drawn hearse in mint condition to the hospital. he purchased several of these hearses 30 years ago for $300 each, but the current estimated market value of the hearse today is in the range of $30,000. the hospital decides to sell the hearse and dedicate the proceeds to the renovation effort. mortimer's agi is $50,000. which of the following statements concerning mortimer's charitable deduction is correct?
a. mortimer's deduction for the current tax year will be limited to $25,000.b. mortimer's deduction for the current tax year will be limited to $15,000.c. at least $5,000 of the deductible amount will have to be carried over to future tax years.
d. mortimer's income tax deduction is $300.

When a government sees that local industry is threatened by imports, it can threaten to erect import barriers to stop or reduce these imports. this is an example of a driver of international business activity?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.