Refer to the exhibit.

DS is manufacturing company that uses an integrated accounting system.

The following payroll data is available for the month of August:

The Employers’ National Insurance for the period was $13,790.

An analysis of the wages is as follows:

Which of the following factors affect the budgeted cash flow:

(a) Funds from the issue of share capital

(b) Bank Interest on a long term loan

(c) Depreciation on fixed assets

(d) Bad debt write off
A . Factors (a), (b), (c) and (d)
B . Factors (a) and (b) only
C . Factor (a) only
D . Factors (b), (c) and (d) only