Two animals are fighting over some prey. Each can choose one of two stances: passive or aggressive. Moreover,

a. Each prefers to be aggressive if its opponent is passive, and prefers to be passive if its opponent is aggressive;
b. Given its own choice, each animal prefers the outcome when its opponent is passive to the outcome in which its opponent is aggressive.

Choose your own payoff numbers to formulate the interaction as a matrix game and find its Nash equilibria.

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.