Short Anwers: 1-3 Sentences

Discuss the 3 general approaches to forecasting. (Experience, Profitability and Correlation)

Talk about the distinction between a cash budget and capital budget. (hint; a cash budget talks about cash in/cash out while a capital budget focuses on major asset purchases. Know that IF you had a debt ratio running about 20%, what would be the best way to fund additional $$ ? -----increase long term debt.