What was the amount of the change in accounts payable for Antioch Pizza Shop in 2022?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
330 | 218,330 | | Balances at December 31, 2023 | 1,000 | $ | 10 | $ | 6,810 | $ | 245,516 | $ 252,336 |
STATEMENTS OF CASH FLOWS
For the years ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||
| Net income | $ | 218,330 | $ | 35,383 | $ | 259,523 |
| Adjustments to reconcile net income to | ||||||
| net cash provided by operating activities: | ||||||
| Changes in operating assets and liabilities: | ||||||
| Accounts receivable | (22,400) | - | - | |||
| Inventory | (7,650) | - | - | |||
| Deferred commissions | 8,008 | (16,973) | - | |||
| Related party payable | - | - | (44,521) | |||
| Accounts payable | (2,199) | 6,383 | (10,856) | |||
| Deferred revenue | - | 10,000 | 25,000 | |||
| Net cash provided by operating activities | 194,089 | 34,793 | 229,146 | |||
| Cash flows from financing activities | ||||||
| Stockholder dividends | (15,510) | (85,889) | (430,179) | |||
| Net cash used in financing activities | (15,510) | (85,889) | (430,179) | |||
| Net change in cash and cash equivalents | 178,579 | (51,096) | (201,033) | |||
| Cash and cash equivalents at beginning of period |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, the change in accounts payable for Antioch Pizza Shop in 2022 was a decrease of $10,856. This figure is derived from the cash flow statement, which tracks changes in operating assets and liabilities. A decrease in accounts payable typically indicates that the company paid off more of its short-term obligations than it incurred during that year.
For a prospective Antioch Pizza Shop franchisee, understanding changes in accounts payable can provide insights into the company's cash management and short-term financial health. A decrease in accounts payable, as seen in 2022, might suggest that the company is effectively managing its payments to suppliers and other creditors. However, it could also reflect changes in purchasing patterns or payment terms.
It's important to note that this figure represents the change in accounts payable at the corporate level for Wix Franchise, Inc., the franchisor of Antioch Pizza Shop, and not necessarily the financial performance of individual franchise locations. Franchisees should focus on understanding their own accounts payable and how they relate to their specific business operations. Reviewing these figures in conjunction with other financial statement data, such as net income and cash flow from operations, can provide a more comprehensive view of the company's financial performance.
Prospective franchisees should consider asking Antioch Pizza Shop for more detailed information on the factors that influenced the change in accounts payable during 2022. Understanding these factors can help franchisees assess the financial stability and management practices of the franchisor.