What was the change in royalties and advertising receivable for Bananas Smoothies Frozen Yogurt in 2023?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
9, 2024, DECEMBER 31, 2023, AND DECEMBER 25, 2022
| Members' equity - beginning | $ 353,015 | $ | 698,962 | $ | 418,985 | |-----------------------------|-----------------------|------------|-------------|-----|-------------| | Net income | 258,701 | | 254,053 | | 329,977 | | Distributions | (495,000 ) | _ | (600,000) | _ | (50,000) | | MEMBERS' EQUITY - ENDING | $ 116,716 | $ | 353,015 | $_ | 698,962 |
(A Limited Liability Company)
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 29, 2024, DECEMBER 31, 2023, AND DECEMBER 25, 2022
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income | $ | 258,701 | $ 254,053 | $ 329,977 |
| Adjustments to reconcile net income to net cash | ||||
| provided by operating activities: | ||||
| Bad debt expense | - | - | 10,522 | |
| Changes in operating assets and liabilities: | ||||
| Royalties and advertising receivable | 10 | 4,165 | (2,678) | |
| Franchise fees receivable | - | - | (2,200) | |
| Prepaid expenses | - | 11,692 | 17,139 | |
| Accounts payable and accrued expenses | (2,006) | (7,164) | 3,865 | |
| Due to |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to Bananas Smoothies Frozen Yogurt's 2025 Franchise Disclosure Document, the change in royalties and advertising receivable in 2023 was $4,165. This figure represents the increase in royalties and advertising receivable during the 2023 fiscal year.
For a prospective franchisee, this indicates the net change in the amount of money owed to Bananas Smoothies Frozen Yogurt for royalties and advertising fees that had not yet been collected as of the end of 2023. A positive number suggests that the brand increased the amount of outstanding receivables during that year.
It is important to note that this value is part of the broader cash flow statement and should be considered alongside other changes in assets and liabilities to understand the overall financial health and cash flow dynamics of Bananas Smoothies Frozen Yogurt.