The adjusted trial balance of Ryan Financial Planners appears below. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Credit Cash $2,660 Accounts Receivable 2,150 Supplies 1,850 Equipment 15,700 Accumulated Depreciation—Equipment $3,925 Accounts Payable 3,330 Unearned Service Revenue 3,275 Common Stock 10,000 Retained Earnings 4,450 Dividends 1,000 Service Revenue 4,250 Supplies Expense 650 Depreciation Expense 2,350 Rent Expense 2,870 $29,230 $29,230 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?

Estimate the prouduct sovle using an area modelestimate the product you solve using an area model and the standard algorithm.remeber to express your products in the standard form