1. In practice, when developing a budget, two extremes used for guidance are ________ and ________.
participative budget; zero-base budget
strategic budget; long-range budget
financial planning budget; strategic budget
zero-base budget; activities of current or prior period
2. On the cash budget, how do we obtain the available cash balance?
beginning cash balance
minimum cash balance desired
total cash increase from financing plus net cash receipts and disbursements
beginning cash balance minus minimum cash balance desired