A young connoisseur has $300 to spend to build a small wine cellar. She enjoys two vintages in particular: a 1997 French Bordeaux ( ) at $20 per bottle and a less expensive 2002 California varietal wine ( ) priced at $4. How much of each wine should she purchase if her utility is: b. When she arrived at the wine store, our young oncologist discovered that the price of the French Bordeaux had fallen to $10 a bottle because of a decline in the value of the euro. If the price of the California wine remains stable at $4 per bottle, how much of each wine should our friend purchase to maximize utility under these altered conditions

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.