What was the cash and cash equivalents at the beginning of the year for Gokhale Method in 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | ||
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $ | (1,135) |
| Adjustments to reconcile net loss to net | ||
| cash provided by operating activities: | ||
| Changes in operating assets and liabilities | ||
| Accounts receivable | 983 | |
| Accounts payable and other current liabilities | (3,488) | |
| Deferred revenue | 18 | 3,261 |
| Net cash used in operating activities | - | (379) |
| Net decrease in cash | (379) | |
| Cash and cash equivalents - beginning of year | F | 120,520 |
| Cash and cash equivalents - end of year | $ | 120,141 |
| Supplemental disclosures of cash flow information: | ||
| Taxes paid | $ | 800 |
| Interest paid | $ | 3 |
NOTE 1 – NATURE OF OPERATIONS
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2022 was $120,520. At the end of 2022, the cash and cash equivalents totaled $120,141. This indicates a net decrease in cash of $379 during the year.
Understanding the beginning and ending cash positions, along with the factors contributing to the change, is crucial for assessing the financial health of Gokhale Method. A prospective franchisee should analyze these figures to understand how the company manages its cash flow and to identify any potential trends or issues.
Reviewing the statement of cash flows in its entirety will provide a more complete picture of Gokhale Method's financial performance. This includes examining cash flows from operating, investing, and financing activities to gain a deeper understanding of the company's financial strengths and weaknesses.