What was the amount of accounts receivable for Fast Fix Jewelry And Watch Repairs in 2024?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Changes in operating assets and liabilities: | ||
|---|---|---|
| Accounts receivable | 52,988 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the changes in operating assets and liabilities related to accounts receivable was $52,988 in 2024. This indicates the net increase in accounts receivable during the 2024 fiscal year.
For a prospective franchisee, understanding the changes in accounts receivable can be important for managing their own cash flow. An increase in accounts receivable could mean that more customers are buying on credit, which might delay the franchisee's receipt of cash.
It is important to note that this figure represents the change in accounts receivable, not the total amount of accounts receivable. Franchisees should monitor their accounts receivable closely to ensure timely payments and maintain healthy cash flow.