3. Short-Term Financial Plans. Fill in the blanks in the following statements. (L019-2) a. A firm has a cash surplus when its ()_exceeds its The surplus is normally invested in (iii) b. In developing the short-term financial plan, the financial manager starts with a(n) (iv) budget for the next year. This budget shows the _(v) _generated or absorbed by the firm's operations and also the minimum _(vi). needed to support these operations. The manager may also wish to invest in _(vii) as a reserve for unexpected cash requirements