Home Shu. Account Inquiry CSC Help Desk e NNS Help Desk 0 Homework Exercise 20-2 Master budget definitions LO C2 Select each of the terms with the best description of its purpose A comprehensive business plan that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expenses to be ncurred, the long-term assets to be purchased, and the amounts of cash to be borrowed or loans to be repaid, as well as a budgeted income statement and balance sheet 2. A quantity of inventory or materials over the minimum to reduce the risk of running short 3 A plan showing the units of goods to be sold and the sales to be derived, the usual starting 4An accounting report that presents predicted amounts of the company's revenues and sAn accounting report that presents predcted amounts of the company's assets, liabilities, and 6. A plan that shows the units or costs of meechandise to be punchased by a merchandising point in the budgeting process expenses for the budgeting period equity balances at the end of the budget period ompany during the budget penod 7. A foermal statement of a company's future plans, usualy expressed in monetary terms 8. A plan that shows predicted operating expenses not included in the selling expenses budget A plan that shows the expected cash inflows and cash outflows during the budget peniod including receipts from any loans needed to maintain a minmum cash balance and repaymants of such loans