A note discounted with recourse means that if the original customer fails to pay the bank the total amount due on the maturity date of the note, the company that transferred the note to the bank is liable for the full amount

a. True
b. False

Indicate whether the statement is true or false

True

Business

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The identification, analysis, forecasting, and planning of changes needed in a company's human resources area

What will be an ideal response?

Business

Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

A) 36.12% B) 48.40% C) 20.68% D) 41.98%

Business