Finanacila Management\ Accounting

CLASS TEST-HCM213

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