Performance feedback is most effective when managers communicate tactfully and honestly with employees being appraised. stress negative performance without communicating any employee strengths. stress positive performance and downplay negative performance. deliver the feedback without providing an opportunity for employee input. Distributive justice is fairness in the treatment of all employees when decisions are implemented. fairness of the decision itself. fairness in the decision-making process. providing a justification for decisions and actions. An element of good customer service is being at work on time consistently. active in the community. responsive to your customers and their needs. a good team player. The service industry comprises about ____ of American workers. 28%40% 75% 86%

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Answer 1

1. When managers communicate tactfully and honestly with employees being evaluated, performance feedback is most effective.

An effective performance feedback process promotes consistency in a performance review, motivates all employees to perform to their full potential, and is conducted in a fair and transparent manner. This is a continuous process that aligns employees' and managers' efforts with individual, departmental, and strategic goals.

2. Distributive justice is Fairness in the treatment of all employees when decisions are executed

When employees believe that the outcomes are equitable, they experience distributive justice. These outcomes can be either monetary or intangible, such as positive feedback. When employees believe they are being paid or treated fairly, distributive justice occurs.

3. Being responsive to your customers and their needs is an important aspect of providing good customer service.

Customer happiness is enhanced by timely, helpful communication, and superstar customer support teams go above and beyond to ensure customers know they are a priority. In addition to responding to questions and issues immediately, as in the preceding example, they provide well-informed responses that address issues.

4. Approximately 86% of American workers are employed in the service industry.

A service industry provides intangible goods or services to people and completes tasks that benefit customers, clients, businesses, or the general public.

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Related Questions

Welcome to Marketing Simulation: Managing Segments and Customers
Marker Motion, Inc. (MM) manufactures inertial motion capture sensors. Customers utilizing MM's solutions are typically analyzing human movement for applications which include improving manual work processes in order to improve employee safety and/or efficiency, designing automation on production floors, and various types of ergonomic product development.
With 45 employees, MM's revenues grew at an average rate of 5.5% over the prior three-year period; however, the most recent quarterly financial data showed a decline in revenue. Although senior management was pleased that MM had just turned a modest profit after several years of losses, there was concern about recent potential market share loss.
The inertial motion capture sensors in which MM specialized offered several advantages over optical systems, which use two tracking cameras and match-moving software to track movement visually. Both methods are commonly used to create character movement in the movie and video game industries. Non-optical systems, like that of MM, provide a capture rate up to 70 times faster than that of the optical method and, after running a calibration protocol to measure study subjects' body dimensions, can accurately measure joint angles, reach distances, and other body kinematics with high precision.
Purchasing Criteria
The most critical sensor package purchasing criteria include the following:
Size and weight. Since sensors need to be able to send data about both large position changes and tiny micromovements, it is essential that they be positioned securely during a study. Bulky sensors can feel awkward to the subject, resulting in unnaturally affected data. If a sensor is poorly affixed or loose, the data is corrupted by its own micromovements. Ideally, you need smaller, lighter sensors.
Battery life. When researchers need to capture motion over long periods of time, battery life is an important strength in non-optical sensors. Stopping to replace sensors or charge batteries results in wasted time and resources. Furthermore, the motion being captured would be interrupted as well, affecting the integrity of the data.
Cost. Because inertial motion sensors contain accelerometers, a battery, and a complex electronic controller, they cost more up front than passive optical sensors. However, inertial motion sensors could often be a less expensive than optical packages, as they don't require an extensive camera setup.
Customer Base
Approximately 70% of Marker Motion's revenue comes from customers that place large-volume orders. The balance is generated from customers that ordered in smaller volumes from distributors. Customers placing large-volume orders were roughly divided into four subsegments (A–D), distinguishable by their purchasing behavior and the relative importance they assigned to specific product features.
Segment A places a premium on the sensors' battery life and generally requires a high level of sales support due to the requirement for customization.
Segment B places a premium on small and light sensors, and also values the market and technical knowledge of a manufacturer's sales representatives.
Segment C, the least price-sensitive of large-volume customers, requires superior battery life as well as small, easy-to-affix sensors. These customers conduct sophisticated research for highly technical applications, therefore their technical standards are stringent.
Segment D is price-sensitive. They buy sensors in bulk for large scale studies.
Finally, small customers who purchase through distributors are also quite price-sensitive. Since small-volume purchasers generally have to buy off-the-shelf sensor packages from a distributor's catalog, they are concerned that the product would be easy to integrate into their software and that the vendor's product literature would be comprehensive.
As the newly appointed chief executive officer of Marker Motion, Inc., you are now responsible for designing the company's marketing strategy. This includes determining all aspects of the company's go-to-market approach (including sales-force deployment and distribution-channel strategy) and associated elements of product policy, including pricing and market positioning of the company's inertial motion sensor line. You will need to make critical decisions regarding how marketing resources such as sales-force time and market-research funds should be allocated. You will also need to determine how MM will meet the needs of the market and its intended customer base. In doing so, you should understand how market segments value MM's product offering, and you will need to decide whether and how MM's positioning relative to segment needs and behaviors should change.
A note from your facilitator:Use this scenario to build your marking plan.
To learn more about this simulation, play through the tutorial here.

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An imitation of a company setting is presented through marketing simulation. Students compete as if they were running a business by experiencing real-world marketing issues and making decisions.

What is the meaning of marketing?

The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, as well as society at large collectively is known as marketing.

Marketing is described as "an aggregate of various functions involved in transporting commodities from producer to customer" as well as "the process or practice of marketing, selling, or otherwise distributing a service or product.

The benefit of marketing that your company is that it engages consumers and helps them decide whether to purchase your goods or services. A marketing strategy, which is a component of your business plan, also aids in generating and sustaining demand, relevance, reputation, and competition.

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grosjean worked for first energy since 1970. in 1997 he was promoted to a supervisory position. two years later, when he was 54, his boss, dressner, who was 41, removed grosjean from his position, stating that he was not performing adequately. grosjean kept the same pay, but had less status. the position was given to riley, who was 51. grosjean sued for age discrimination for being denied the supervisory position. does he have a case?

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There is no evidence of age discrimination in Grosjean's case. The ADEA prohibits age discrimination in the workplace against people over 40 on the basis of their age. In addition, a person just three years younger than him was awarded the job.

What factors lead to age discrimination?

The idea that ageing negatively affects a person's physical and mental capacity and that younger individuals are therefore more capable is what drives age discrimination against older people. Race and national origin are currently the two categories of discrimination in the workplace that are most common. When people of one country start a firm and then discriminate in their employment practices by only employing people of the same nationality, this is known as national origin discrimination. Age discrimination is acceptable if it can be proven to be true. Here, the onus is on the employer to demonstrate that its conduct or the provision, criterion, or practise that was the subject of the complaint was a reasonable manner of addressing the situation.

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What was the benefit of the agricultural Adjustment?

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Crop prices will rise as a result of the agricultural Adjustment's restriction on overproduction.

How did the Agricultural Adjustment Act help farmers?Farmers benefited from the Agricultural Adjustment Act by having crop prices rise and receiving compensation for underused land. Roosevelt advised farmers to cultivate less of their land, and the US government immediately paid them the money they would have made from cultivating the uncultivated land. This ultimately benefited farmers as well by artificially boosting crop prices. However, the measure caused great harm to farmers who rented the land they farmed on.The law gave farmers incentives in return for controlling the production of particular crops. The subsidies' goal was to lower overproduction and raise agricultural prices.

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the following information is taken from bardell, incorporated statement of cash flows for the current year: net cash provided by operating activities $ 31,500 net cash provided by investing activities 5,900 cash balance, beginning of year 7,500 cash balance, end of year 12,500 what is the amount of net cash provided by (used in) financing activities?

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The net amount of cash used for financing activities is $32,400.

How is the net cash used for financing activities determined?

The net cash used for financing activities is the difference between the beginning cash balance, and the net cash provided by operating and financing activities minus the ending cash balance.

The statement of cash flows has three sections: operating, financing, and investing activities.

Bardell Incorporated

Statement of Cash Flows

For the current year

Net cash provided by operating activities $31,500

Net cash provided by investing activities 5,900

Net cash provided or used by financing (32,400)

Net cash flows = $5,000

Reconciliation of net cash flows:

Beginning cash balance = $7,500

Ending cash balance 12,500

Increase in cash flows = $5,000

Thus, Bardell Incorporated used $32,400 for financing activities during the current year.

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What are the 4 types of pricing?

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Value-based, competition-based, cost-plus, and dynamic pricing are all frequently used methodologies, depending on the industry and type of business.

Pricing is the process by which a company determines the price at which it will sell its goods and services, and it may be a component of the company's marketing strategy. The cost of making the items, the market, the competition, the state of the market, the brand, and the quality of the product will all be taken into account by the company when determining prices. A key component of product management, pricing is one of the four Ps of the marketing mix, along with product, promotion, and location. The four Ps all function as cost centres, with price being the only one that generates money. The other Ps of marketing will, however, help to reduce price elasticity, allowing price rises to generate more revenue and profits. Pricing is a manual or automated process that applies prices to purchase and sales orders based on a variety of variables, including: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price in effect at entry, shipment or invoice date, combination of multiple orders or lines, and many others. An automated pricing system may reduce pricing errors, but it involves additional setup and upkeep. Demand can only be created from consumer needs if the consumer is willing and able to purchase the goods.

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All else equal, bond price volatility is greater for __________.
shorter maturity
higher coupon rates
lower coupon rates
lower default risk

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All else equal, bond price volatility is greater for higher coupon rates. Therefore, the correct answer is option B.

Bond price volatility is the extent to which a bond price fluctuates due to the changing in interest rates. It's caused mainly by interest rate changes. When the rate rises, the bond price falls; when the rate falls, the bond price rises.

There are two factors that affect a bond's volatility: its coupon rate and the age of the bond (or the time it will be retired. It's also called maturity date or call date). Bonds that have low coupon rates have greater price volatility. Of course, market conditions also have a big effect on bond's volatility.

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How do political campaigns get their money?

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The only source of funding for the public funding scheme and public campaign funding is the tax checkoff.

How does campaign funding work?

Political candidates raise money to finance their campaigns and show the range of their support. Political party committees, political action committees, and individual donors can all contribute to campaigns.

Direct contributions to federal campaigns are prohibited from coming from businesses, labor unions, and membership organizations.

By setting up political action committees, they can have an impact on federal elections.

These committees enlist the support of members and associates in order to finance or contribute to campaigns. Federal restrictions apply to how much money PACs can raise and spend.

Taxpayers who decide to contribute directly to the Presidential Election Campaign Fund when filing their tax returns help finance some presidential campaigns.

To be eligible for these funds, candidates must consent to spending and fundraising restrictions.

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Advantages of ETFs over mutual funds include all but which one of the following?
Multiple choice :
- ETFs trade continuously, so investors can trade throughout the day - ETFs can be sold short or purchased on margin, unlike fund shares
- ETFs providers do not have to sell holdings to fund redemptions
- ETFs value can diverge from NAV

Answers

ETFs are a desirable alternative for individual investors since they often offer higher daily liquidity and lower fees than mutual fund shares.

A mutual fund is a professionally managed investment vehicle that pools money from several individuals to buy securities. The phrase is often used in the US, Canada, and India; other nations with similar arrangements include the UK and Europe, such as the SICAV (short for "investment company with variable capital"). Money market funds, fixed income funds, stock or equity funds, or hybrid funds are often used classifications for the main investments of mutual funds. A different way to categorize funds is as actively managed funds, which strive to outperform stock market indices but often have higher costs offer higher daily liquidity.

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What will most likely happen to the price of the old model?

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To entice customers to keep buying it, the price will decrease.

What do you mean by price?

The amount of money needed to buy a particular item. Price is a measure of worth in that it reveals what customers are willing to spend in exchange for a product's worth. The market price is the cost at which a goods and services can currently be purchased or offered for sale. The market price of a thing or service is determined by forces of supply and demand; it is the price at which all quantities of a good or service are equal in demand and supply.

What is the imprtance of price?

Pricing is a key consideration in decision-making once the product has been produced. The price of a product impacts its viability, consumer acceptance, return rate, and profitability. It is a tool for conflict. The right pricing strategy is essential if you want to stay competitive in markets where volume & price pressure are increasing. It ensures that you receive the payment you are entitled to for the services and goods you render as well as the earnings they need to invest in growth and transformation.

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The maximum contribution that a taxpayer under age 50 at year end can make into a roth ira is $ _____________

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The maximum contribution that a taxpayer under age 50 at year end can make into a Roth IRA is $6,000.

A taxpayer is a natural person or legal entity that must pay taxes. The government may provide identity or reference numbers to individuals or businesses as modern taxpayers. One who pays taxes is often referred to as a "taxpayer".

A taxpayer is a person or a business that must pay taxes to local or federal taxing authorities. In addition to many other types, taxes might be in the form of income taxes or property taxes levied against owners of real estate. When people purchase taxable products and services, they may be required to pay taxes.

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a monopolistically competitive firm is operating in the short run at the optimal level of output and is earning zero economic profits. which equation must be true?

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In the short run, a monopolistically competitive firm is producing at the maximum level while making no money. ATC > P > MR = MC must be the correct equation.

What exactly is a Firm?

A firm is a commercial business entity that offers professional services, such as a firm, limited liability corporation (LLC), or partnership. Most businesses only have one location. A single proprietorship, partnerships, limited liability company or corporation are examples of firms.

What part do firms play?

One of three essential components in the money's continuous circulation throughout the economy are businesses. They demand payment for services and products while paying skilled workers a salary to provide them with an income. In addition, they give the government money for taxes.

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If $300 of new reserves generates $800 of new money in the economy, then the reserve ratio is
a.2.7 percent.
b.12.5 percent.
c.37.5 percent.
d.40 percent.

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If $300 of new reserves generates $800 of new money in the economy, then the reserve ratio is 37.5 percent.

The production, distribution, and trade of goods and services, as well as their consumption, constitute an economy. In general, it is defined as a social domain that emphasise the practises, discourses, and material expressions associated with the production, use, and management of scarce resources'.

The culture, values, education, technological evolution, history, social organisation, political structure, legal systems, and natural resources are all primary factors in any economy. These elements provide context and content, as well as the conditions and parameters that govern an economy.

Hence the correct option is C

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How can I reduce the amount I owe the IRS?

Answers

The IRS will accept Form 9465, Installment Agreement RequestPDF, if you are not eligible for an online payment plan and would like to request an installment agreement (IA).

What to do if you owe the IRS and can't afford to pay?You can settle your tax liability with an offer in compromise for less than the full amount you owe. If you can't pay your full tax obligation or doing so will put you in a difficult financial situation, it can be a viable option. We take into account the particular details of your case:Monetary capacityIncome ExpensesAssets equityWhen the sum you provide is the maximum we can reasonably anticipate to recover within a reasonable length of time, we usually accept an offer in compromise. Before submitting an offer in compromise, look into all possible payment choices. Not everyone should participate in the Offer in Compromise program. Make sure to verify the qualifications of any tax expert you employ to assist you with the filing of an offer.

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What are the three main challenges of the Q-system? (select three)

a. Inventory monitoring system
b. Unhappy customers
c. Having enough when you order
d. Figuring out how much to order
e. Orders getting lost in the system

Answers

The three main challenges of the Q-system are Inventory monitoring system, having enough when you order and figuring out how much to order.

The Q system is another name for the fixed order quantity system. In this approach, a defined number of components is ordered each time the amount of stock on hand hits the reorder point. The economic order quantity is actually the constant amount of material purchased each time.

System Q Continuous inventory reviews are performed, and a fixed quantity is ordered when the inventory reaches a predetermined (prefixed) reorder level. The user can utilize Query Inventory (QI) to request inventory information on volumes that are currently assigned to a certain category in a given library.

The correct answers are a, c and d.

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What did the animals observe as they watched the pigs and humans argue from outside the window?

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As the other animals watch through the window, they find they are unable to tell pigs and humans apart. The pigs have started to dress and behave exactly like humans.

Animals belong to the biological kingdom Animalia and are eukaryotic multicellular organisms. Animals, with very few exceptions, can move, breathe oxygen, eat organic matter, reproduce sexually, and go through ontogeny, in which their bodies are formed during development.

Embryo develops from a hollow, globular cell called a blastocyst. Many animals are used by humans for food, materials, livestock, and labor, including as a means of transport. Many terrestrial and aquatic species have been hunted for sport, as have dogs and raptors. Non-human beings have been depicted in art since time immemorial and are prominent in mythology and religion.

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What are the 5 levels of threat?

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low - an attack is highly unlikely. business moderate - attack is possible but not likely. substantial - an attack is likely. severe - an attack is highly likely.

How serious is the threat right now?

There is a "major risk of terrorist attacks," according to the United States Domestic Security Advisory System's yellow (or "elevated") threat level.

An explanation of threat categories?

During the execution of samples in a controlled environment, Threat Connect classifies threats based on particular traits displayed by the samples. On the basis of the previous behavior of recognized threat families, Trend Trend threat scientists may also assign categories.

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Would this fee arrangement be permitted under the aicpa code of professional conduct?

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Yes, this fee arrangement would be permitted under the AICPA (Association of International Certified Professional Accountants) Code of Professional Conduct. The AICPA Code of Professional Conduct states that a CPA may accept a fee based on the results of the service provided, provided the fee is reasonable and the results are also measurable.

The additional fee in this respect must be commensurate with the level of responsibility and the amount of work. Therefore, this fee arrangement is permitted as long as the fee is reasonable and the results are measurable. The results must also be clearly communicated to the client before work begins.

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What was the purpose of the US tariffs?

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The three primary goals of tariffs are to generate income, safeguard domestic industries, and close trade gaps (punitive function).

What are the objectives of American tariffs?

In order to raise money for the federal government and to facilitate import substitution industrialization, which is the industrialization of a country through domestic production in place of foreign imports, they acted as a protective barrier surrounding growing sectors.

A tariff, often called a duty, a trade barrier, or simply a tax on imports, is a charge. Although economists agree that the primary goal of a tariff is to protect American output and jobs, they also claim that consumers and other domestic industries ultimately bear the cost of tariffs.

There are two main applications for tariffs. These levies enable a nation to first raise funds. Second, imports with lower pricing are protected against domestic items by tariffs. Numerous American factions have had contrasting opinions on the type of economy the nascent nation should develop ever since the United States of America was founded in 1788.

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a property owner decided to give his property to the city with the condition that no alcohol consumption is allowed on the premises. the city developed the property as a golf course and made substantial investment in the development of the property. over the years, to make up for a drop in revenue, the city allowed the club house to sell beer and wine to their customers. which type of estate does the city have and what rights does the original owner have?

Answers

Fee simple subject to a condition after; this estate permits the original owner to reacquire the property, however they would have a right to file a lawsuit to do so.

A sizable investment is one that meets the proportionality test's criteria for ensuring the investor's financial commitment to the enterprise's effective operation. This test for proportionality compares the overall amount invested in the business to the price of starting a successful one of the kind anticipated or the amount of money required to buy an already-existing business.

This comparison represents the proportion of the treaty applicant's investment in the business. An inverted sliding scale with a greater percentage of investment for a lower cost company must be used to compare the percentage positively.

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which of the following statements is true? predictive analytics use machine learning and artificial intelligence. monetary unit sampling allows auditors to evaluate account balances. monetary unit sampling more likely to pull accounts with small balances. prescriptive analytics attempt to find hidden patterns or variables.

Answers

Auditor evaluation of account balances is made possible by monetary unit sampling.

When is it appropriate to employ monetary unit sampling?

A statistical sampling technique called monetary unit sampling (MUS) is used to check whether the account balances or monetary quantities in a population are accurate. It is acceptable to employ monetary unit sampling in conjunction with substantive or false statement testing. Monetary unit sampling offers a high level of assurance that all significant amounts in a population are subject to testing by biasing bigger quantities. Among the benefits of MUS are the following: Compared to traditional variables sampling, it is simpler to use. The features of the population, such as the standard deviation of dollar amounts within the population, should not be taken into account when choosing sample sizes.

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an entrepreneur has been primarily associated with the willingness toA)possess a government jobb)Work under authorityc) be conservatived) change employers frequentlye) take risks

Answers

The entrepreneur has been primarily associated with willingness to take risks

Most business owners take risks naturally or, at the very least, are calculating visionaries with a clear plan of action to introduce a new good or service to fill a void in the market. Many business owners take significant personal risks by quitting secure occupations to devote their time (and perhaps their own money) to starting their own companies.

Every business venture needs money to turn an idea into reality. Therefore, finding funding is a key risk for entrepreneurs. This could take the form of loans, capital arranged with the aid of friends and family, or an entrepreneur's own savings. An entrepreneur should conduct adequate financial planning to prevent bankruptcy. Therefore, Risks Should Be Calculated.

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2-2 Application Problem: Analyzing transactions into debit and credit parts Lo4 Helfrey Marketing Services uses the following accounts Sawyer Helfrey, Capital Sawyer Helfrey, Drawing Sales Cash Supplies Prepaid Insurance Accounts Receivable-Neco Valenza Accounts Payable-All Star Company Advertising Expense Rent Expense Transactions: June 1. Received cash from owner as an investment, $10,000.00. 2. Paid cash for insurance, $4,000.00 4. Bought supplies on account from All Star Company, $6,000.00. 5. Paid cash for supplies, $1,000.00. 8. Paid cash on account to All Star Company, $4,000.00. Instructions: 1. Prepare two T accounts for each transaction. On each T account, write the account title of one of the accounts affected by the transaction. Use the forms in your Working Papers. 2. Write the debit or credit amount in each T account to show how the transaction affected that account. T accounts for the first transaction are given as an example.

Answers

The preparation of two T-accounts for each transaction is as follows:

T-accounts:

June 1. Received cash from the owner as an investment, $10,000:

Cash