On august 31, 2018, harvey and margaret, who file a joint return and live in charleston, south carolina, sell their personal residence, which they have owned and lived in for 10 years. the realized gain of $292,000 was excluded under § 121. they purchased another personal residence in charleston for $480,000 on september 1, 2018. however, in 2019, harvey's employer transfers him to houston, texas. they sell their charleston home on february 28, 2019, and purchase a new home in houston. the realized gain on the second sale is $180,000. harvey and margaret's recognized gain on the second sale is $

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.