John has two job offers when he graduates from college. john views the offers as identical, except for the salary terms. the first offer is at a fixed annual salary of $50,000. the second offer is at a fixed salary of $20,000 plus a possible bonus of $60,000. john believes that he has a 50-50 chance of earning the bonus. what is john's expected utility for each job offer?

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.