10 The first step in cash budget preparation is the estimates of A sales, B. cash receipts. number of customers. D credit sales E. bad debt essentially consists of rerunning variables to determine the effect on the output variables of changes in the input variables. A sensitivity analysis B financial planning model C. probabilistic model D. bankruptcy model E cash flow model 12 financial ratios that contributed significantly to the predictive Edward Altman identified accuracy of his bankruptcy model. A. 2 B. 3 C. 4 D. 5 E. 6 A (n) model gives a single-number forecast of a financial variable or variables without stating anything about its probability of occurrence. A. probabilistic B. optimization C financial D deterministic models are becoming increasingly popular because they often provide financial decision makers with more useful information than other models. A Probabilistic B. Optimization C. Financial D. Deterministic Financial forecasting involves the projection and estimation of a ww's future A cash needs. B. inventory C. accounts receivable. D. accounts payable. The minimum cash balance figure is usually a function of the 4. nature of the business. B. tax laws. C bank requirements. D all of the above. E none of the above