Discuss the below:
Q: Classify each of the following items 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 $10,000 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
I. Decide how many units to make next month.
H. Update allowance for doubtfull accounts
J. Complete a picking ticket for a customer order
K. Reocrd 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 proterty taxes on an office building
Q. Pay federal payroll taxes
R. Sell DVD Player
S. Colelct payments on customer accounts.
T. Obtain a bank loan.
U. Pay sales commission
V. Send an order to a vendor
W. Put purchased good into the warehouse.