Workers then to those in the retail stores. Questions
2-16. Do you agree that it is inequitable to offer the corporate workers
better benefits then the store partners? Why? Is that what the law
would seem to say?
2-17. What arguments would you make as Starbucks' CEO concerning
why the current policy is fair?
2-18. How would you handle this situation if you were running a
company that was confronted by a shareholder making these
demands?

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.