How are both cash and capital budgets different from operating budgets?
What will be an ideal response?
Answer: Capital and cash budgets are financial budgets, meaning they concentrate on the company's financial goals and the resources needed to achieve them. Operating budgets are not financial budgets—they instead identify a firm's sales and production goals and specify the costs required to meet those goals.
Explanation: Capital and cash budgets are financial budgets; operating budgets are not.
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