Refer to the exhibit.
An extract from the budget for GS is given below:
✑ The net profit is after charging depreciation for the year of $26,000.
✑ Receivables are expected to rise by $4,000 in the year.
✑ Payables and inventories are both expected to fall by $5,000 in the year.
What is the company’s budgeted cash holding at the end of the year?
A . $70,000
B . $65,000
C . $73,000
D . $39,000
Answer: B