What was the net change in cash and cash equivalents during the year for Deck Medic?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Cash Flows From Operating Activities Net income / (loss) $ (28,455) Adjustments to reconcile net income to net cash provided by operating activities Bad debt expenses 12,765 Change in operating activities Change in accounts receivable 447 Change in short term investments - Change in due from related parties Change in accrued liabilities 2,598 Change in deferred revenue (2,250) | $ 79,580 |
|---|---|
| Adjustments to reconcile net income to net cash provided by operating activities Bad debt expenses 12,765 Change in operating activities Change in accounts receivable 447 Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | $ 79,580 |
| provided by operating activities Bad debt expenses 12,765 Change in operating activities Change in accounts receivable 447 Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | |
| Bad debt expenses 12,765 Change in operating activities Change in accounts receivable 447 Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | |
| Change in operating activities Change in accounts receivable 447 Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | |
| Change in accounts receivable 447 Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | * |
| Change in short term investments - Change in due from related parties - Change in accrued liabilities 2,598 | |
| Change in due from related parties - Change in accrued liabilities 2,598 | (17,893) |
| Change in accrued liabilities 2,598 | 50,000 (45,000) |
| Change in deferred revenue (2,250) | (1,198) 20,250 |
| Net Cash Provided By (Used In) Operating Activities (14,895) | 85,739 |
| Cash Flows From Investing Activities | |
| Net Cash Flows Provided By (Used In) Investing Activities | 1 |
| Cash Flows From Financing Activities | |
| Stockholders' distributions 282 | (100,000) |
| Net Cash Flows Provided By (Used In) Financing Activities 282 | (100,000) |
| Net Change in Cash And Cash Equivalent During The Year (14,613) | (14,261) |
| Cash and cash equivalents - beginning of the year 125,496 | 139,757 |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the net change in cash and cash equivalents during the year was a decrease of $14,613. The document also shows the cash and cash equivalents at the beginning of the year was $125,496, and the cash and cash equivalents at the end of the year was $110,883.
This information is taken from the statement of cash flows, which provides insights into how Deck Medic manages its cash. A decrease in cash and cash equivalents could be due to various factors, such as investments in the business, operating losses, or financing activities.
Prospective franchisees should consider these figures in the context of Deck Medic's overall financial performance. It would be prudent to investigate the reasons behind the decrease in cash and cash equivalents and assess whether this trend is likely to continue. Understanding the franchisor's cash flow management is crucial for evaluating the financial stability of the franchise system.