General plastics corporation instituted a new absenteeism control policy that took effect the first day of june. it expects the new policy to result in a 25 percent reduction in absenteeism the first year. like the previous policy, the new program counts vacation days as absenteeism. on the first of september, the personnel director evaluated the results of the program for the first three months and was disappointed to find that absenteeism had dropped only half of 1 percent.
what is the likely problem?

a. employees are resisting control.
b. the indicator of success was inappropriate.
c. control is inappropriately focused.
d. the standard is not specific enough.
e. a reduction of 25 percent is too much to hope for.

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.