Michael is opening a tire store. He intends to set the price of tires based on determining the total cost of his purchase of one tire and then adding an amount to cover additional costs and profits. Michael is using ___ pricing.?

Jessica Ulta works as an employee for City Service Credit Union and is responsible for consulting on loans, talking clients through the loan process, and providing loans to members. What type of processes does Jessica primarily work with?

A. Business-facing processes B. Industry-specific customer facing processes C. Customer-facing process D. Industry-specific business-facing processes

On January 1, Year 1, Big Seats Furniture, Inc., issued $200,000 worth of 8% bonds at $200,000. Interest will be paid annually on December 31. Show the effect of the first interest payment on the accounting equation. What is liability?

A. (16,000) Cash B. (8,000) Interest Payable C. 0 No Effect D. 16,000 Interest Income E. 16,000 Cash F. (16,000) Interest Expense G. 216,000 Bonds Payable H. 200,000 Bonds Income