What was the total amount of 'Other Current Assets' for Gokhale Method as of April 30, 2024?
Gokhale_Method Franchise · 2024 FDDAnswer 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 |
| Accounts Receivable | 6,718.41 |
| 11010 · Accounts Receivable | |
| Total Accounts Receivable | 6,718.41 |
| Other Current Assets 12000 · Undeposited Funds 12100 · Deferred Expenses 12200 · Accrued Revenue | 27.50 9,083.31 750.00 |
| Total Other Current Assets | 9,860.81 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the total 'Other Current Assets' as of April 30, 2024, was $9,860.81. This figure is part of the company's balance sheet, reflecting assets that are not easily converted to cash within a year, such as undeposited funds, deferred expenses, and accrued revenue. These assets contribute to the overall financial health and liquidity of Gokhale Method.
For a prospective franchisee, understanding the composition and value of 'Other Current Assets' is crucial. It provides insight into the company's short-term financial obligations and how efficiently it manages its resources. A higher value in this category might indicate a strong pipeline of future revenue (accrued revenue) or investments in future operations (deferred expenses), but it could also signal potential challenges in converting these assets into cash if needed.
It is important to note that 'Other Current Assets' are just one component of the overall financial picture. Franchisees should also consider other factors such as cash reserves, accounts receivable, and total liabilities to get a comprehensive understanding of Gokhale Method's financial stability. Consulting with a financial advisor to review the entire balance sheet and financial statements is advisable for any potential franchisee.