What was the reported amount of receivables for Ben Jerrys in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| BEN & JERRY'S FRANCHISING, INC. AND SUBSIDIARY | ||
|---|---|---|
| Consolidated Balance Sheets | ||
| (In Thousands) | ||
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash | $ 1,386 | $ 1,308 |
| Accounts receivable, allowance for credit losses of $45 | 375 | 321 |
| and $105 at December 31, 2023 and 2022, respectively |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the consolidated balance sheet indicates the accounts receivable for 2022 was $321,000. This figure is reported in thousands of dollars. The accounts receivable is listed with an allowance for credit losses of $105,000 at the end of 2022.
Accounts receivable represents the money owed to Ben Jerrys by its customers or franchisees for goods or services already provided but not yet paid for. The allowance for credit losses is an estimate of the amount of accounts receivable that Ben Jerrys does not expect to collect. This allowance reduces the net realizable value of the receivables reported on the balance sheet.
Prospective franchisees should understand that accounts receivable can fluctuate based on sales volume, payment terms, and the creditworthiness of customers or franchisees. Monitoring accounts receivable and managing credit losses are important aspects of financial management for Ben Jerrys. The allowance for credit losses reflects the company's assessment of potential uncollectible amounts and is subject to change based on economic conditions and historical collection experience.