Meghan Selzer has prepared the following list of statements about the general ledger. Identify each statement as true or false. If false, indicate how to correct the statement1. The general ledger contains all the asset and liability accounts, but no stockholders’ equity accounts. select an option 2. The general ledger is sometimes referred to as simply the ledger. select an option 3. The accounts in the general ledger are arranged in alphabetical order. select an option 4. Each account in the general ledger is numbered for easier identification. select an option 5. The general ledger is a book of original entry.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit