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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What will be an ideal response?
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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