Match the definitions 1 through 9 with the term or phrase (a) through (i). a. Master budget
b. General and administrative expense budget
c. Budget
d. Safety stock
e. Budgeted income statement
f. Budgeted balance sheet
g. Sales budget
h. Cash budget
i. Merchandise purchases budget

(1) A plan that shows the units or costs of merchandise to be purchased by a merchandising company during the budget period.
(2) An accounting report that presents predicted amounts of the company's assets, liabilities, and equity balances at the end of the budget period.
(3) A plan showing the units of goods to be sold and the sales to be derived; the usual starting point in the budgeting process.
(4) An accounting report that presents predicted amounts of the company's revenues and expenses for the budgeting period.
(5) A quantity of inventory or materials over the minimum to reduce the risk of running short.
(6) 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 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.
(7) A formal statement of a company's future plans, usually expressed in monetary terms.
(8) A plan that shows predicted operating expenses not included in the selling expenses budget.
(9) A plan that shows the expected cash inflows and cash outflows during the budget period, including receipts from any loans needed to maintain a minimum cash balance and repayments of such loans.

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)