1.5.

 Classify each of the following items as belonging in the revenue,

expenditure, human resources/payroll, production, or financing cycle.
1. a. Collect payment on customer accounts.
2. b. Complete a picking ticket for a customer order.
3. c. Decide how many units to make next month.
4. d. Disburse payroll checks to factory workers.
5. e. Draw upon line of credit.
6. f. Establish a $10,000 credit limit for a new customer.
7. g. Hire a new assistant controller.
8. h. Obtain a bank loan.
9. i. Pay federal payroll taxes.
10. j. Pay for raw materials.
11. k. Pay off mortgage on factory.
12. l. Pay property taxes on office building.
13. m. Pay sales commissions.
14. n. Pay utility bills.
15. o. Purchase raw materials.
16. p. Put purchased goods into the warehouse.
17. q. Record factory employee timecards.
18. r. Record goods received from vendor.
19. s. Sell concert tickets.
20. t. Sell DVD player.
21. u. Send an order to a vendor.
22. v. Send new employees to a business ethics course.
23. w. Update the allowance for uncollectible accounts.