What was the total value of the 'on Stock Amount' for Carbones Pizzeria as of October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 FDD, the 'on Stock Amount' for Carbones Pizzeria as of October 31, 2023, is not explicitly detailed. However, the provided financial data does show the 'Common Stock Shares Amount' as $266,117 and the 'Treasury stock' as $(34,556) as of October 31, 2023.
It is important to note that the table includes values for 'Common Shares', 'Additional paid in capital', and 'Retained Earnings' but does not specify a value for 'on Stock Amount' for the stated date. The table does show 'Commo Shares' and 'on Stock' as column headers, but the actual value is missing for both October 31, 2022, and October 31, 2023.
Prospective franchisees should seek clarification from Carbones Pizzeria regarding the 'on Stock Amount' and its relevance to the overall financial structure. Understanding the components of equity, including common stock, retained earnings, and treasury stock, is crucial for assessing the financial health and stability of the franchise.