What were the prepaid expenses for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company's prepaid expenses totaled $4,426 in 2024. This figure is part of the company's current assets, which totaled $102,061 for the same year.
Prepaid expenses typically include items like rent, insurance, or services that Batteries Plus Bulbs has paid for in advance but has not yet fully utilized. These are considered assets because they represent future economic benefits for the company. For a prospective franchisee, understanding the level of prepaid expenses can offer insights into the company's operational practices and financial health.
It's worth noting that prepaid expenses can fluctuate from year to year based on the timing of payments and the company's accounting policies. Reviewing these figures over several years, as presented in the FDD, can provide a more comprehensive understanding of Batteries Plus Bulbs' financial management.