A Partial List of Accounts for Johnson and Clark,in Alphabetical

question 9

Essay

A partial list of accounts for Johnson and Clark,in alphabetical order,is presented below:
$\begin{array}{ll}\text { Accounts Payable } & \text { Interest Recervable } \\\text { Accounts Receivable } & \text { Inventory-Ending Balance } \\\text { Accrued Salaries Payable } & \text { Land } \\ \text { Accumulated Depreciation -Buildings } & \text { Land Held for Future Plant Site } \\\text { Accumulated Depreciation -Equipment } & \text { Loss on Sale of Equipment } \\\text { Additional Paid-In Capital-Common Stock } & \text { Marketable Securities } \\\text { Allowance for Doubtful Accounts } & \text { Noncontrolling Interest } \\\text { Bank Loan (long-term) } & \text { Notes Payable (long-term) } \\\text { Bonds Pavable } & \text { Obligations on Long-Term Loans } \end{array}$
$\begin{array}{ll}\text { Buiddings } &\quad\quad\quad \text { Patent } \\\text { Cash in Bank } &\quad\quad\quad \text { Preferred Stock } \\\text { Commission Expense } &\quad\quad\quad \text { Premium on Bonds Payable } \\\text { Common Stock } & \quad\quad\quad\text { Prepaid Expenses } \\\text { Current Portion of Long-Term Debt } & \quad\quad\quad\text { Purchases } \\\text { Equipment } & \quad\quad\quad\text { Retained Earnings } \\\text { FICA Taxes Payable } & \quad\quad\quad\text { Sales } \\\text { Franchise } & \quad\quad\quad\text { Sales Salaries Expense } \\\text { Goodwill } &\quad\quad\quad \text { Treasury Stock } \\\text { Interest Income } &\quad\quad\quad \text { Unearned Rent Revenue }\end{array}$
Required:
Prepare a consolidated balance sheet in good format,without monetary amounts,for December 31,2012.Use the format Current Assets;Property,Plant,and Equipment;Investments;Intangibles;Current Liabilities;Long-Term Liabilities;and Stockholders' Equity.Do not use the accounts not found on the balance sheet.

Calculate cash payback period and its importance in assessing investment opportunities.

Estimate internal and annual rate of return to evaluate the profitability of investments.

Understand the basic premises of evolutionary theory, including natural selection and reproductive success.

Recognize the significance of individual fitness and environmental circumstances in survival.

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Definitions:

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs.

Insulin Shock

A severe hypoglycemic condition resulting from an excess of insulin in the bloodstream, leading to symptoms like tremors, confusion, and potential loss of consciousness.

Type 1 Diabetes Mellitus

A chronic condition where the pancreas produces little or no insulin, a hormone needed to allow sugar (glucose) to enter cells to produce energy.

Autoimmune Disease

A condition in which the immune system mistakenly attacks the body's own tissues, resulting in inflammation and tissue damage.