table_specific

What was the total amount of cash in checking for Gokhale Method as of April 30, 2024?

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

ASSETS Current Assets Checking/Savings 470 522 04
10020 · Cash - Checking - 6743 170,532.91
Total Checking/Savings 170,532.91

Source: Item 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

According to Gokhale Method's 2024 Franchise Disclosure Document, the total cash in checking/savings as of April 30, 2024, was $170,532.91. This amount is specifically listed under the 'Cash - Checking - 6743' account. This figure represents the total liquid assets readily available to Gokhale Method for immediate use as of that date.

For a prospective franchisee, this indicates the financial health and liquidity of Gokhale Method. A healthy cash balance suggests that the company has sufficient funds to cover its short-term obligations and potentially invest in growth opportunities. It is important to note that this is just a snapshot in time, and the cash balance can fluctuate due to various factors such as revenue, expenses, and investments.

It is also important to consider this figure in relation to Gokhale Method's overall financial performance, including its revenues, expenses, and liabilities. A comprehensive financial analysis would provide a more complete picture of the company's financial stability and its ability to support its franchisees. Prospective franchisees should review the complete financial statements and consult with a financial advisor to assess the financial risks and opportunities associated with investing in a Gokhale Method franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.