Exhibit 21-4
Consider the information below to answer the following question(s).
The reaction of a carboxylic acid with an alcohol in the presence of acid is termed Fischer esterification. 
-Refer to Exhibit 21-4.Write the stepwise mechanism for the Fischer esterification reaction of benzoic acid and methanol given above.Show all electron flow by using curved arrows,and include all intermediate structures.
Definitions:
Net Income
The total profit of a company, after all expenses and taxes have been subtracted from total revenue.
Dividends
Payments made by a corporation to its shareholder members, usually as a distribution of profits.
Common Stock
Equity ownership in a corporation, offering voting rights and dividends to shareholders, subordinate to preferred stock.
Retained Earnings
The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or to pay off debt.
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