Fill in the blanks in the following statements.
a. A firm has a cash surplus when its ____(i)____ exceeds its ____(ii)____. The surplus is normally invested in _____(iii)_____.
b. In developing the short-term financial plan, the financial manager starts with a(n) ____(iv)____ budget for the next year. This budget shows the ____(v)____ generated or absorbed by the firm's operations and also the minimum ____(vi)____ needed to support these operations. The manager may also wish to invest in ____(vii)____ as a reserve for unexpected cash requirements.