Channel Setting Instructions for ResponseCard RF
1. Press and release the "GO" button.
2. While the light is flashing red and green, enter the 2 digit
channel code (i.e. channel 1 = 01, channel 21 = 21).
Channel is 40
3. After the second digit is entered, Press and release the
"GO" button.
4. Press and release the "1/A" button. The light should
flash yellow to confirm.
FYE: 12/31/06– Equity = $2,000
FY 12/31/07– Sales = $1,000, Net Income = $200, Dividends = $40
FYE: 12/31/07– Equity = _______
1.
2.
3.
4.
5.
$1,960
$2,040
$2,160
$2,200
None of the
Above
74%
17%
9%
0%
$1,960
$2,040
0%
$2,160
$2,200
None of
the Above
Which are Equivalent?
1. Sales, Profit
2. Profit, Revenue
3. Net Income, Net
Sales
4. Profit, Revenue
5. None of the
Above
52%
17%
of
e
on
N
ve
Ab
o
ev
en
R
th
e
ue
es
Sa
l
Pr
of
it,
N
e,
om
In
c
et
N
9%
et
ev
en
R
,P
Pr
of
it,
le
s
Sa
9%
ue
ro
fit
13%
Total Assets = $2,000, TL = $800
Transaction: Issue $300 of Stock (i.e., equity)
Total Assets = __________, Equity = _______
1.
2.
3.
4.
5.
$1,700, $1,100
$1,700, $1,500
$2,300, $1,100
$2,300, $1,500
None of the
Above
6. Not enough
information
70%
13%
4%
4%
$1,700, $1,700, $2,300, $2,300,
$1,100 $1,500 $1,100 $1,500
4%
4%
None
Not
of the enough
Above informa
tion
Cash = $100, AP = $200, Inventory = $400, AR = $100,
PP&E = $600, ST Debt = $250, TL = $400
Total Current Assets = __________
Be Careful!
1.
2.
3.
4.
5.
$600
$700
$1,200
$1,300
None of the
Above
70%
17%
9%
4%
0%
$600
$700
$1,200
$1,300
None of
the Above
Sales = $1,000, COGS = $500, Operating Expenses = $100,
Income Taxes = $50, Dividend Payment = $60
Operating Profit = _________
Operating Income = _______
SG&A or Selling, General, and Administrative = __________
1.
2.
3.
4.
5.
$350, $400, $290
$400, $350, $290
$400, $400, $100
$350, 400, $100
Not enough
information
61%
35%
4%
0%
$350,
$400,
$290
0%
$400,
$350,
$290
$400,
$400,
$100
$350,
400, $100
Not
enough
informati
on