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1. Short term financial forecasts focus on while long term forecasts focus on 2. A cash budget should be used as a _ system and 3. The first step in any financial planning system is to develop a . for the budgeting period 4. Firms using bank debt must allow for the bank's requirement when determining their minimum acceptable cash balance 5. A cash budgeting system must be used as a than a static control device since one cannot expect the forecasted figures to be completely accurate for any given month rather 6. The most common approach to long term financial planning is the _technique 7. The objective of developing five-year pro forma balance sheets is to estimate 8. A financial planning and control system is useful as a and as a 1. Short term financial forecasts focus on while long term forecasts focus on 2. A cash budget should be used as a _ system and 3. The first step in any financial planning system is to develop a . for the budgeting period 4. Firms using bank debt must allow for the bank's requirement when determining their minimum acceptable cash balance 5. A cash budgeting system must be used as a than a static control device since one cannot expect the forecasted figures to be completely accurate for any given month rather 6. The most common approach to long term financial planning is the _technique 7. The objective of developing five-year pro forma balance sheets is to estimate 8. A financial planning and control system is useful as a and as a