What is the total reported amount for credit cards for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Chase United | 58,323.60 |
|---|---|
| Citibank AAdvantage | 32,104.94 |
| Credit Card at BOA4100 | 21,147.88 |
| Credit Card at Chase - 0669 | -25,054.83 |
| Credit Card at Chase - 4855 | 56,277.45 |
| Total for Credit Cards | $142,799.04 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the total reported amount for credit cards is $142,799.04. This figure is derived from several credit card accounts, including Chase United ($58,323.60), Citibank AAdvantage ($32,104.94), Credit Card at BOA4100 ($21,147.88), Credit Card at Chase - 0669 (-$25,054.83), and Credit Card at Chase - 4855 ($56,277.45).
It's important to note that one of the credit card accounts, "Credit Card at Chase - 0669," has a negative balance (-$25,054.83), which reduces the overall total. This could be due to refunds, overpayments, or other credits applied to that account. The presence of multiple credit card accounts suggests that Best Brains uses different cards for various expenses or purposes.
For a prospective Best Brains franchisee, this information provides insight into the types and amounts of credit card liabilities the company manages. Understanding these financial details can help a franchisee assess the financial stability and management practices of Best Brains. It is also useful to compare these figures with previous years to identify any trends or significant changes in credit card usage and debt.