What was the (increase) decrease in other receivables for Cr3 American Exteriors in 2024?
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 | $ ( |
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors's 2025 Franchise Disclosure Document, the (increase) decrease in other receivables in 2024 was ($15,591). In 2023, the (increase) decrease in other receivables was ($25,000).
This means that Cr3 American Exteriors experienced a decrease in other receivables of $15,591 in 2024. Other receivables are amounts due to the company from non-customers. A decrease in this balance could indicate that the company collected more of these outstanding amounts during the year compared to the previous year.
Prospective franchisees should consider these figures in the context of the overall financial health of Cr3 American Exteriors. Reviewing trends in receivables can provide insights into the company's cash flow management and its ability to collect outstanding debts. It is important to compare these figures with industry benchmarks and to understand the specific factors that may have influenced these changes.