A company has budgeted its operations for August. No change in the inventory level during...
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Accounting
A company has budgeted its operations for August. No change in the inventory level during the month is planned. Selected data based on estimated amounts are as follows:
| Net loss | $(120,000) |
| Increase in accounts payable | 48,000 |
| Depreciation expense | 42,000 |
| Decrease in gross amounts of trade account receivables | 72,000 |
| Purchase of equipment on 90-day credit terms | 18,000 |
| Provision for estimated warranty liability | 12,000 |
What is the expected change in the cash position during August?
A.$30,000 decrease.
B.$54,000 increase.
C.$18,000 decrease.
D.$36,000 increase.
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