What was the total amount of accounts payable for Gokhale Method?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
d parties are as follows:
| December 31, | |||||
|---|---|---|---|---|---|
| Accounts | 2 | 2023 | _ | ||
| Gokhale Method Enterprise, Inc. | Accounts |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the accounts payable for Gokhale Method Enterprise, Inc. was $6,400 as of December 31, 2023. In the previous year, December 31, 2022, the accounts payable was $2,600. For the year before that, December 31, 2021, the accounts payable was $5,000.
Accounts payable represents the short-term liabilities or obligations Gokhale Method owes to its suppliers or creditors. These are typically due within a year. Monitoring accounts payable can provide insights into the company's financial health and its ability to manage short-term obligations.
A prospective franchisee should consider these figures in the context of Gokhale Method's overall financial statements. Reviewing trends in accounts payable alongside revenues and other liabilities can offer a more complete picture of the company's financial stability and operational efficiency. It is also important to compare these figures with industry benchmarks to assess how well Gokhale Method manages its short-term liabilities compared to its peers.