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Explain the four types of budgets

Assignment:

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

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Accounting Basics: Explain the four types of budgets

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