Select each of the terms with the best description of its purpose. Terms Definitions A comprehensive business plan that includes specific plans for expected sales, the units of 1 product to be produced the merchandise on materials to be purchased the expenses to be incurred, 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 A plan showing the units of goods to be sold and the sales to be derived the usual starting 3 point in the budgeting process An accounting report that presents predicted amounts of the company's revenues and 4 expenses for the budgeting penod An accounting report that presents predicted amounts of the company's assets, liabilities, and 5 equity balances at the end of the budget period 6 A plan that shows the units or costs of merchandise to be purchased by a merchandising company during the budget penod 7 A formal statement of a company's future plans, usually expressed in monetary torms 8 A plan that shows predicted operating expenses not included in the selling expenses budget A plan this shows the expected cash inflows and cash outflows during the budget penod, including receipts from any loan's needed to maintain a minimum cash balance and repayments of such loans ces