What were the payments from notes receivable for Deka Lash in 2/31/2021?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 12 | 2/31/2023 | 2/31/2022 | 1 | 2/31/2021 | ||
|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | Maria Agenta | |||||
| NET CASH FLOWS (USED IN) PROVIDED BY | ||||||
| INVESTING ACTIVITIES | (403,396) | (297,866) | 155,759 | |||
| EVILSTEND ACTIVITIES | - | (403,50) | - | (437,000) | - | 1202102 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
| Capitalized software development costs | 12(150) | (10,000) | (44,000) | |||
| Payments from notes receivable | 27,367 | (10,000) | [44,000) |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, payments from notes receivable in 2/31/2021 were ($44,000). This figure is part of the cash flow statement, detailing cash flows from investing activities. Notes receivable typically represent loans made by Deka Lash to other entities.
The cash flow statement provides insights into how Deka Lash manages its financing and investments. Payments from notes receivable indicate money coming back to the company from those loans, increasing its cash reserves. This can be a sign of financial health, as it shows the company is able to recoup funds it has lent out.
Prospective franchisees should note that the figures presented are from the company's historical financial statements. While past performance is not indicative of future results, it can provide a general sense of the financial activities of Deka Lash. Understanding these cash flow dynamics can help a franchisee assess the financial stability and practices of the franchisor.