On April 1^st, your firm had a beginning cash balance of $280. Your sales for March were $460 and your April sales were $510. During April you had cash expenses of $130 and payments on your accounts payable to $210. Your accounts receivable period is 30 days. What is your firm's beginning cash balance on May 1^st?

A) $400
B) $430
C) $450
D) $860
E) $910

Social, as distinct from industrial, regulation is the major focus of the

A) Federal Trade Commission.
B) Federal Energy Regulatory Commission.
C) Federal Communications Commission.
D) Consumer Product Safety Commission.

A survey is considered valid if it measures what it was intended to measure.

Sensitivity to interest rate risk is directly dependent on:

A) Time to maturity and the coupon rate.
B) The coupon rate and the future value
C) The future value and the yield.
D) The yield and the coupon rate.
E) The present value and the future value.

The speed at which a truly new product spreads through a market is known as the ________.

A) continuity of innovations
B) diffusion of innovations
C) adoption process
D) branding process

The phrase "demand related to the demand for other products" describes

A) a dependent variable.
B) dependent demand.
C) recursive demand.
D) regression analysis.
E) independent demand.