What was the cash and cash equivalent at the beginning of the year for Deck Medic in 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| | C. Operations Manual Table of Contents | H. State Specific Addenda | | D. Financial Statements | I. State Effective Dates | | E. Franchise Agreement | J. Receipts |
| 2023 | 2022 | |
|---|---|---|
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $ (4,533) | $ (28,455) |
| Adjustments to reconcile net income to net cash | ||
| provided by operating activities: | ||
| Provision for bad debt | 13,680 | 12,765 |
| Change in assets and liabilities: | ||
| Accounts receivable | 7,073 | 447 |
| Accounts payable and accrued liabilities | 1,028 | 2,598 |
| Deferred revenue | (2,250) | (2,250) |
| Net Cash Provided By (Used In) Operating Activities | 14,997 | (14,895) |
| Cash Flows From Investing Activities | ||
| Net Cash Provided by (Used In) Investing Activities | - 5 | |
| Cash Flows From Financing Activities | ||
| Stockholders' contributions | 282 | |
| Net Cash Flows Provided By (Used In) Financing Activities | 282 | |
| Net Change In Cash And Cash Eq |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2022 was $125,496. This figure represents the amount of cash Deck Medic had available as it started its operations for the year.
Cash and cash equivalents are crucial for covering immediate expenses, investments, and managing unforeseen financial challenges. A healthy balance at the beginning of the year indicates Deck Medic's financial stability and ability to meet its short-term obligations.
Potential franchisees should consider this figure in the context of Deck Medic's overall financial health and performance. It's also important to compare this number with previous years and industry benchmarks to assess the company's financial trajectory and competitive positioning.