Type
Essay
Pages
2 pages
Word Count
318 words
School
Boston College
Course Code
AIS

Ais Questions

November 19, 2020
Q: Classify each of the following items as belonging in the revenue, expenditure, human
resources/payroll, production, or financing cycle.
a. Purchase raw materials Expenditure cycle
b. Payoff mortgage on factory Financing cycle
c. Hire a new assistant controller Human resources/payroll cycle
d. Establish a $10,000 credit limit for customer XYZ company Revenue cycle
e. Pay for raw materials Expenditure cycle
f. Disburse payroll checks to factory workers - Human resources/payroll cycle
g. Record goods received from vendor Expenditure cycle
h. Update the allowance for uncollectible accounts Revenue cycle
i. Decide how many units to make next month Production cycle
j. Complete picking ticket for goods ordered by a customer Revenue cycle
k. Record factory employee timecards - Human resources/payroll cycle
l. Sell concert tickets Revenue cycle
m. Draw on line-of-credit Financing cycle
n. Send new employees to a business ethics course - Human resources/payroll cycle