Which of the following acts regulates the secondary market? A) The Securities Act of 1933 B) The Gramm-Leach-Blicy Act C) The Securities Exchange Act of 1934 D) The Glass-Steagal Act The rulo-setting body, which authorizes generally accepted accounting principles is the 28. A) Federal Reserve System B) FRS C) PASB D) SEC 29. ) Networking capital is defined as A) current Ilabilities minus current assets B) current assets minus current liabilities C) total assets minus total liabilities D) total liabilities minus total assets 30. "Certain financing plans are termed conservative when A) risk is increased B) short-term financing is used frequently C) working capital is relatively high D) current assets are relatively low 31. ) Operating profit is known as A) earnings before depreciation and taxes B) earnings after tax C) earnings after interest and taxes D) camnings before interest and taxes 22 ) float results from the lapse between the time when a fim deducts a payment from its checking Account ledger and the time when funds are actually withdrawn from its account. A) Mail B) Proposilog . Collection D) Disbursement problems 1 ) Agatha Concrete Company has been offered by its bank to manage its cash at a cost of 536,000 per year. Under the proposed cash management, the firm can reduce the cash required on hand by $150,000. Since the bank is also doing a lot of record keeping the firm's administrative cost would decrease by $1,000 per month. What recommendation would you give the firm with respect to the proposed cash management assuming the firm's opportunity cost is 12 percent? (Hint: Identify benefit from reduced required cash, Reduction in administrative costs, Bank's fee and overall net effect