All of the following statements regarding cash budgets are true, except: O A cash budget would detail when payments for equipment are made, not when the equipment is received. O Most firms must maintain a minimum cash balance in order to operate their business. O It is more important for a cash budget to detail when sales are made than when cash is received from our sales. If our cash balance falls below the minimum needed to operate, we would need to borrow sufficient funds to attain the minimum threshold