What was the total amount of Monicals Pizza's short-term investments as of December 31, 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Certificate of deposits held for investment with an original maturity greater than three months are carried at amortized cost and reported as short-term investments on the consolidated balance sheets. The types of certificate of deposits the Company invests in are not considered debt securities under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 320, Investments-Debt Securities.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Monicals Pizza includes the Independent Auditors' Report which contains the consolidated balance sheets as of December 31, 2024 and 2023. However, the specific figures for short-term investments are not detailed in the provided excerpts.
While the excerpts define short-term investments as certificates of deposit held for investment with an original maturity greater than three months, and state that these are carried at amortized cost and reported as short-term investments on the consolidated balance sheets, the actual value of these investments is not disclosed.
A prospective Monicals Pizza franchisee should ask the franchisor for the specific value of short-term investments as of December 31, 2023, to gain a clearer understanding of the company's financial position. This information would typically be found in the consolidated balance sheets within the financial statements.