Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She suspects that First State's level of deposits is directly related to the interest rate paid. The recent historical data are as follows. Regression Statistics

Multiple R 0.995047482
R Square 0.990119491
Adjusted R Square 0.987649363
Standard Error 0.503701313
Observations 6

ANOVA
df SS MS
Regression 1 101.6984733 101.7
Residual 4 1.014860051 0.2537
Total 5 102.7133333

Coefficients Standard Error t Stat

Intercept -39.5559796 2.749298366 -14.39
Interest Rate % X 11.14503817 0.556669499 20.021

For each one percent increase in the interest rate, by how much do the deposits increase?

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.