1. A. Identify the following forecasting horizons. Used to establish and manage target balances for bank compensation. B. Used to determine the company's need for short-term credit or availability of funds for short-term investing. C. Used as a benchmark to compare actual to projected cash flows on the cash budget. D. Used by financial institutions and rating agencies for credit analysis. 2. Which is a step in arriving at the projected closing cash position? a) Starts with the next period's closing bank available balance b) Deduct the expected settlements in collection and concentration accounts c) Deduct projected disbursement totals Find historical data on clearings of disbursements from non-controlled disbursement accounts 3. Which validation method tests a forecast using data that were not made to develop it, i.e., comparing forecast to actual results? a) In-sample validation Out-of-sample validation Ongoing validation Documentation of the process