Collectives in the soviet union were inefficient producers of agricultural products. why? a. the farms were too small to produce substantial crops. b. soviet central planners ignored the farms in favor of factories producing consumer goods. c. most farmers were poor and had to pay for their own equipment, seeds, and fertilizer out of their own pockets. d. farm workers had guaranteed incomes, so they had few incentives to produce more or better crops.

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.