Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she sends bills out to her clients,her work is part of her firm's
A)revenue cycle.
B)expenditure cycle.
C)financing cycle.
D)production cycle.

Question

Quizplus · Accepted Answer

Dolores Yu's billing to clients for payroll processing services is part of her firm's revenue cycle, as it generates incoming revenue for the business. The revenue cycle includes all activities involved in selling goods or services to customers and collecting payment.

Many Small Businesses Choose to Outsource Their Payroll Activities to Firms