1. (a). Define Break –Even point.(b). From the following information calculate the Break-Even price:
Quantity 4,000
Variable cost per unit. $ 25
Fixed cost $200, 000
2. Explain the four types of budgets
3. What is product margin? Discuss the special decisions where the concept of product margin can be applied.
4. Make a comparison of stock and debt financing.
5. Define the following terms:
a. Group purchasing organization.
b. Zero- based budgeting
c. Decentralization
d. Lease financing