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 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