How to Read and Interpret Financial Statements

Second Edition

Course Code 98002

INSTRUCTIONS: To take this test and have it graded, please email You will receive an email back with details on taking your test and getting your grade.

FOR QUESTIONS AND COMMENTS: You can also contact Self Study at 1-800-225-3215 or visit the website at

1. Costs that do not change within a workable range of activity are:

(a) variable.

(b) mixed.

(c) fixed.

(d) direct.

2. Based on the following facts, what is the break-even point? A company has a fixed cost of $28,000 and a variable cost per unit of $30. The unit’s selling price is $100.

(a) 300 units

(b) 200 units

(c) 400 units

(d) 500 units

3. Based on the ...

Get How to Read and Interpret Financial Statements now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.