Stacey wills, who is at heart a craftsperson, recently started a firm to manufacture a new innovative foodblender. stacey's desire is to sell her food blender to as many people as possible because she firmly believes in the merits of her product. stacey's story best illustrates which of the following characteristics, or attributes, of a successful entrepreneur? a) product/customer focusb) execution intelligencec) tenacity despite failured) a desire to consumers

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.