Mr. Kim operates a news-stand. He orders copies of newspapers from the publisher at a cost of $4 per copy. From many years of sales experience, he learned that the demand for newspapers depend on the price. In particular, he has discovered that the demand can be described with a normal distribution with mean 100-p and standard deviation 12. 1. How many copies should he order every day?
2. How much should Mr. Sho order if he wants to ensure a minimum service level of 70%?

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.