Question

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

a. Purchase raw materials
b. Pay off mortgage on a factory
c. Hire a new assistant controller
d. Establish a SIO,OOO credit limit for a new customer
e. Pay for raw materials
f. Disburse payroll checks to factory workers
g. Record goods received from a vendor
h. Update the allowance for doubtful accounts
i. Decide how many units to make next month
j. Complete a picking ticket for a customer order
k. Record factory employee timecards
l. Sell concert tickets
m. Draw on line of credit
n. Send new employees to a business ethics course
o. Pay utility bills
p. Pay property taxes on an office building
q. Pay federal payroll taxes
r. Sell a DVD player
s. Collect payments on customer accounts
t. Obtain a bank loan
u. Pay sales commissions
v. Send an order to a vendor
w. Put purchased goods into the warehouse

Answer 1

d. Establish a $10,000 credit limit for a new customer

s. Collect payments on customer accounts

r. Sell a DVD player

l. Sell concert tickets

a. Purchase raw materials

e. Pay for raw materials

o. Pay utility bills

Expenditure

c. Hire a new assistant controller

f. Disburse payroll checks to factory workers

k. Record factory employee timecards

n. Send new employees to a business ethics course

q. Pay federal payroll taxes

u. Pay sales commissions

Human Resources/Payroll

g. Record goods received from a vendor

j. Complete a picking ticket for a customer order

i. Decide how many units to make next month

v. Send an order to a vendor

w. Put purchased goods into the warehouse

Production

b. Pay off mortgage on a factory

h. Update the allowance for doubtful accounts

m. Draw on line of credit

p. Pay property taxes on an office building

t. Obtain a bank loan

Financial Cycle

Step-by-step explanation: