Nataraj (2007) finds that a 100100% increase in the price of water for heavy users in santa cruz caused the quantity of water they demanded to fall by an average of 2020%. (before the increase, heavy users initially paid $1.551.55 per unit, but afterwards they paid $3.103.10 per unit.) in percentage terms, how much did their water expenditure (price times quantity)long dash—which is the water company's revenuelong dash—change?

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.