1. Your company Infinity Beyond owns an office building and has found a buyer to purchase the building for $1,000,000.00. A down payment will be required with the balance of the purchase price to be paid by the buyer within one year. Part 1: You work in the sales department and have been assigned to draft the sale contract. You have been advised to add any extra terms and provisions which would benefit your company, but the result must be that if the drafted contract is signed by both parties, that the contract will be a valid and enforceable contract. Prepare a draft of the contract. (50 pts) Part 2: Once you have drafted the contract in a separate letter explain the contractual remedies available to each party if the other company refused to complete their duties required under the contract. (50 pts)

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership