Investing $2,000,000 in tqm's channel support systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (refer to the tqm initiative worksheet in the compxm. xls decisions menu.) looking at the round 0 inquirer for andrews, last year's sales were $163,712,225. assuming similar sales next year, the 1.7% increase in demand will provide $2,783,108 of additional revenue. with the overall contribution margin of 34.2%, after direct costs this revenue will add $951,823 to the bottom line. for simplicity, assume that the demand increase and margins will remain at last year's levels. how long will it take to achieve payback on the initial $2,000,000 tqm investment, rounded to the nearest month?

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.