According to the Department of Energy in 2008 the amount of oil imported into the United States reached 52% of the oil consumed in the country. That was about 9.7 million barrels a day of its daily oil needs. Given the rise in the price of oil in 2008 and using the circular flow model we can conclude that the

Ashare stock is a small piece of ownership in a company ture or false

What is the sequence of events that could lead to trade surplus

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.