What was the net increase in cash and cash equivalents for All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
121,914 |
Statement of Operations and Members' Equity
For the Period from July 11, 2023("Commencement of operations") to December 31, 2023
| Franchise sales | $ - | |--------------------------------------|----------------| | | - | | Total revenues | - | | Expenses: | | | Bank fees | 87 | | Marketing expense | 499 | | Total expenses | 586 | | Net income (loss) | (586) | | Contributions | 122,500 | | Members' Equity, beginning of period | - - | | Members' Equity, end of period | $ 121,914- |
Statement of Cash Flows
For the Period from July 11, 2023 ("Commencement of operations") to December 31, 2023
| Cash flows from operating activities: Net income (loss) Adjustments to reconcile net income to net cash provided by operating activities: | $ (586) |
|---|---|
| Amortization | - |
| (Increase) decrease in assets: | |
| Accounts receivable | - |
| Increase (decrease) in liabilities: | - |
| Deferred re |
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the net increase in cash and cash equivalents is $121,914. The cash and cash equivalents at the beginning of the period was not specified, while the cash and cash equivalents at the end of the period totaled $122,914.
This increase reflects the overall change in All States M.E.D.'s cash position during the period examined in the financial statements. It indicates the net effect of all cash inflows (money coming in) and cash outflows (money going out) related to operating, investing, and financing activities. For a prospective franchisee, this figure provides insight into the company's financial management and overall liquidity.
The statement of cash flows provides a more detailed view of All States M.E.D.'s financial activities, breaking down the cash flow into operating, investing, and financing activities. Operating activities show the cash generated or used from the company's core business operations. Investing activities include the purchase and sale of long-term assets, while financing activities involve transactions related to debt, equity, and dividends. Reviewing these individual sections can give a potential franchisee a better understanding of where All States M.E.D. is generating and using its cash.