What was the (increase) decrease in accounts receivable for Cr3 American Exteriors in 2023?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Loss | (46,591) | | Equity at December 31, 2022 | $ 4,820 | | Equity at January 1, 2023 | $ 4,820 | | Capital Contributions | 28,589 | | Net Loss | (14,538) | | Equity at December 31, 2023 | $ 18,871 | | Equity at January 1, 2024 | $ 18,871 | | Capital Contributions | 30,000 | | Net Loss | 89,667 | | Equity at December 31, 2024 | $ 138,538 |
Statements of Cash Flows For The Three Years Ended December 31, 2024
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash Flows From Operating Activities: | · | ||
| Net Income (Loss) | $ 89,667 | $ (14,538) | $ (46,591) |
| Adjustments to Reconcile Net Loss to Net | |||
| Cash Provided by Operating Activities: | |||
| Depreciation & Amortization | 87 | 87 | 29 |
| Changes in Assets and Liabilities | |||
| (Increase) Decrease in Prepaid Expenses | (1,525) | = | |
| ( |
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, the (increase) decrease in accounts receivable in 2023 was ($29,624). This figure represents the change in the amount of money owed to Cr3 American Exteriors by its customers during that year. The negative sign indicates a decrease in accounts receivable.
For a prospective franchisee, this information is useful for understanding the company's cash flow and how efficiently it collects payments. A decrease in accounts receivable could mean that Cr3 American Exteriors is collecting payments more quickly or that sales have decreased. It is important to note that this figure is from the franchisor's financial statements and may not be representative of an individual franchisee's experience.
Franchisees should consider this information in conjunction with other financial data provided in the FDD, such as revenue, expenses, and net income, to get a comprehensive understanding of the company's financial performance. Additionally, prospective franchisees should ask Cr3 American Exteriors for more information about the factors that contributed to the change in accounts receivable in 2023 and how they might impact their own business.