For the next fiscal year, you forecast net income of $50,000 and ending assests of $500,000. your firm's payout ratio is 10%. your beginning stockholders equity is $300,000 and your beginning total liabilities are $120,000. your non-debt liabilites such as accounts payable are forecasted to increase by $10,000.

what is you net new financing needed for next year? here is your hint for the week: ( from professor)additions to equity = net income x retention ratio= 50,000 x (1-.10) = 45,000show all work

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.