Reference no: EM131217529
Classify each of the following items as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle.
a. purchase raw meterials
b. pay off morgtage on a factory
c. hire a new assistant controller
d. establish a $10,000 credit limit for a new customer
e. pay for raw materials
f. disburse payroll checks to factory workers
g. record goods recieved 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 time cards
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
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