What value is reported for Aunt Millies Bakeries as of September 30, 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
e entity has the ability to access as of the measurement date.
- Level 2 Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
- Level 3 Significant unobservable inputs that reflect a Company's own assumption
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, marketable securities are classified as available for sale and carried at fair value. As of September 30, 2024, the cost of these investments was approximately $2,843,000, while the fair value approximated $2,843,000. This includes common stock, treasury bonds, and mutual funds.
These figures reflect the company's financial position at that specific point in time. Potential franchisees should understand that these values can fluctuate based on market conditions and other factors. The FDD also includes consolidated balance sheets as of September 30, 2024, which would provide a more comprehensive view of the company's assets and liabilities.
It is important for prospective franchisees to review the complete financial statements and consult with a financial advisor to fully understand the financial health of Aunt Millies Bakeries. Understanding the difference between cost and fair value, and how these are determined, is crucial for assessing the financial stability of the franchise.