Astudy of the labor force participation rates of women in the post–world war ii period noted: over the long run, women have joined the paid labor force because of a series of changes affecting the nature of work. primary among these was the rise of the clerical and professional sectors, the increased education of women, labor-saving advances in households, declining fertility rates, and increased urbanization. relate each of these factors to the household production model of labor supply outlined in this chapter.

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.