Nickolas's Nut Farms, Inc

question 61

Multiple Choice

Nickolas's Nut Farms, Inc. has net cash flows from operating activities for the last year of $25 million. The income statement shows that net income is $15 million and depreciation expense is $6 million. During the year, the change in inventory on the balance sheet was a decrease of $4 million, change in accrued wages and taxes was a decrease of $1 million and change in accounts payable was a decrease of $1 million. At the beginning of the year the balance of accounts receivable was $5 million. What was the end of year balance for accounts receivable?

• A) $2 million
• B) $3 million
• C) $7 million
• D) $9 million

---

Definitions:

Professional Products

Goods designed specifically for use by businesses and professionals, often characterized by higher quality and greater durability than consumer products.

Cosmopolitanism

A philosophic, social ideology advocating for global citizenship where individuals transcend local or national boundaries to embrace shared human values and responsibilities.

Compatibility

The ability of systems, devices, or products to work together without conflict, often requiring standardization or adaptation to enable interoperability.

Competitive Advantage

A scenario or factor that gives a firm an upper hand or superior stance against its competition.