Which of the following firms would benefit most from having dominant market share on a national level? A chain of bookstores that incurs fixed costs every time it opens a new store. A law firm that faces large labor costs. A fast food restaurant that incurs fixed costs to set up new locations, but low variable costs per customer. A pharmaceutical company that produces a drug at very low variable cost once it has incurred enormous fixed costs in research and development on the drug.

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.