INSTRUCTION: ANSWER ALL QUESTIONS.

1)Discuss the usefulness of cost-profit volume analysis from company's point of view.

(20 marks)

2)Discuss the various policy options available for working capital management in the short versus long term.

(20 marks)

3)Discuss on the statement "Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long term profits.

4) Discuss the purpose of having internal controls for budgeting purposes.

(20 marks)

(20marks)

5) Illustrate how the break-even looks like and describe the usefulness of Break-even analysis and discuss some of the limitations of break-even charts

(20 marks)