What was the reported amount for Beggars Pizza's accounts payable in the provided financial data?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current liabilities: | |||
|---|---|---|---|
| Accounts payable | $ 41,196 | $ 15,371 |
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the accounts payable are listed under current liabilities. The provided financial data shows accounts payable of $41,196.
Accounts payable represents the short-term debts Beggars Pizza owes to its suppliers and other creditors. This figure indicates the amount of money the company needs to pay within a short period, typically within a year, to settle its obligations.
A prospective franchisee should review the complete financial statements in the FDD to understand the context of this liability within the overall financial health of Beggars Pizza. Understanding the trend of accounts payable over time, and comparing it to industry benchmarks, can provide valuable insights into the company's financial management and operational efficiency.