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Select each of the terms with the best description of its purpose. Terms Definitions 1. Helps determine financing needs. 2. The usual starting point in
Select each of the terms with the best description of its purpose. Terms Definitions 1. Helps determine financing needs. 2. The usual starting point in the master budget process. 3. A report that shows predicted revenues and expenses for a budgeting period. 4. A budgetary cushion used to meet performance targets. 5. A comprehensive plan that consists of several budgets that are linked. 6. Employees affected by a budget help in preparing it. Budgetary slack Budgeted income statement Cash budget Master budget
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