What was the total value of other current assets for Gokhale Method?
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 value of other current assets is detailed within the provided balance sheet information. As of the balance sheet provided, the total other current assets amounted to $9,860.81. These assets include undeposited funds, deferred expenses, and accrued revenue, which are essential components of the company's short-term financial resources.
For a prospective Gokhale Method franchisee, understanding the composition and value of these current assets is crucial. Other current assets represent resources that the company expects to convert into cash within one year, reflecting its operational efficiency and short-term financial health. The specific breakdown includes $27.50 in undeposited funds, $9,083.31 in deferred expenses, and $750.00 in accrued revenue.
These figures provide insight into how Gokhale Method manages its finances and could indicate the company's ability to meet its short-term obligations. Franchisees may want to further investigate the nature of these assets and how they are managed to ensure financial stability and operational effectiveness within the Gokhale Method franchise system.