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Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $53,000 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $46,000. For 2020, J.D. was allocated $6,000 of ordinary income from Clampett, Inc., and no separately stated items. What is J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020?

Multiple Choice

• $52,000.

• None of the choices are correct.

• ($6,000).

• $46,000.

• $40,000.

On October 8th 2020, a CBC article was published that detailed the investment of public funds by both the governments of Canada and Ontario into Ford Motor Company to help them upgrade their Oakville plant for the production of electric vehicles. This upgrade will make the Oakville plant Ford’s largest electric vehicle factory in North America. Both governments described their investment as a “win-win” because they promote employment, technology innovation and “our transition to a low-carbon, clean-growth economy.”

a) Perhaps Ford Motor Company’s decision to accelerate their capacity to manufacture electric vehicles signals their understanding of planetary boundaries. If this were the case, and drawing on concepts from class on business and the natural world, how would electric vehicle production lessen the stress on any specific planetary boundary, and would this strategic shift reflect an adaptation strategy, a mitigation strategy, or both? Explain.

The market demand curve is given by

p = 100 - Q

Two firms, A and B, are competing in the Cournot fashion. Both firms have the constant marginal cost of 70. Suppose firm A receives a new innovation which reduces its marginal cost to c. Find the cutoff value of c which makes this innovation "drastic".

1. Cash point Ltd prepares quarterly budget as part of the budgetary control system. During the last quarter ending 31^st March 2020 the following information is accumulated concerning operations for the next quarter ending 30^th June 2020.

1. Sales which are all on credit will amount to Kshs 400,000 in April 2020 the same level as in February and March 2020, increasing at 10% per month for the next six months and thereafter at 5%
2. Sales credit terms are strictly 30 days after-sales. Past experience shows that this policy is effective in 75% of cases. Of the remainder, 20% will pay in subsequent month and 5% never pay up until after 180 days.
3. Inventories are maintained at equivalent of 15 days sales. On 31^st March 2020 the inventory level is estimated at Kshs125,000.
4. Goods are bought and paid for within 30 days. During March 2020, merchandise purchases amounted to Kshs 250,000
5. The unit selling price is Kshs 100 with a profit margin of 40% on sales.
6. The cash balance on 31^st March 2020 is Kshs 87,800.
7. Projected payment for expenses and other items are as follows

8. Other payments are to be made as follows:

• Half yearly rent at the rate of Kshs 8,000 per month will be paid in April and the next instalment in October 2020.
• Income tax amounting to Kshs 20,000 will be paid in June 2020 being installment tax for 2020.
• Some computer equipment will be acquired in April 2020 but paid for in May 2020 at a price of Ksh 90,000

Required

A cash budget for the three months April, May, and June 2020

How Does Digital Transformation Happen?

The Mastercard Case

Taking on Cash

“One of the biggest things we did was to redefine our competition. Once we got [that] right, then the vision of the company became very clear.”

Ajay Banga, CEO, Mastercard1

Although news headlines warn established companies that they must “disrupt or be disrupted”, the meaning of digital transformation continues to elude most business leaders. Does it mean becoming a social network like Facebook, an information platform like Google, a booking exchange like Uber, or a messaging service like WeChat? What examples exist of successful digital transformations, and what do firms do to make it happen?......................................

• Why did the share price of MC rise faster than that of Visa between 2010 and 2017 even though Visa reported $6.3 billion more in revenues in 2017?
• Is it possible to compete with cash?
• What in MC’s approach to innovation works well? What does not work well?
• Should the Smart Stickers concept go ahead or be stopped?
• What is an ‘adaptive ecosystem’ and why did MC adopt such a strategy?
• What role did adaptive ecosystems play in MC’s transformation?

Labor relations is becoming more diverse around the world because _________________________ play a much greater role in establishing employment conditions, most especially employee benefits outside the U.S.

What role does management play in contract negotiation for collective bargaining and how can management affect labor relations among employees?

What are some consequences associated with unfair labor practices and what are some ways that an organization can avoid unfair labor practices?

In 2019, Special Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2014. Special Corporation is contemplating a gift of land to a qualified charity in either 2019 or 2020. Special Corporation purchased the land as an investment five years ago for $100,000 (current year value is $250,000). Before considering any charitable deduction, Special Corporation projects taxable income of $1 million for 2019 and $1.2 million for 2020. Should Special Corporation make the gift of land to charity in 2019 or 2020? Provide detailed calculations and support for your answer.