rite-cut riding lawnmowers obey the demand equation p equals negative startfraction 1 over 20 endfraction x plus 990 . the cost of producing x lawnmowers is given by the function upper c (x )equals 110 x plus 4000.
a) express the revenue upper r as a function of x.
b) express the profit upper p as a function of x.
c) find the value of x that maximizes profit. what is the maximum profit?

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.