Future and present values are dependent upon all of the following except
A) time.
B) the interest rate.
C) a present or future value interest factor, depending on the problem.
D) annual income.
Answer: D
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Technology risk is the uncertainty that economies of scale or scope will be realized from the investment in new technologies.
a. true b. false
On December 20, 2017, Mr. and Mrs. Garrison purchased four tickets for a New Year's Eve party at their church, a qualified charitable organization. Each ticket cost $75 and had a fair market value of $50. The Garrisons gave two of the tickets to a needy family in the community. Mr. Garrison tended bar at the party from 8 p.m. to 4 a.m. and was paid $40. The usual charge for such services is $80. Immediately before midnight, Mr. Garrison pledged $200 to the building fund and delivered a check for that amount on January 2, 2018. Of the amounts described above, the total amount that the Garrisons can include as a charitable contribution deduction for 2017 on a joint return is
a. $340 b. $200 c. $140 d. $100