What was the total value of Monicals Pizza's accounts payable in 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| ----------------------------------------- | ---- | ------------ | ---- | ------------ |
|---|---|---|---|---|
| ASSETS | ||||
| Cash | $ | 3,416,311 | $ | 9,525,798 |
| Short-term investments | 5,660,513 | - - | ||
| Accounts receivable | 747,232 | 575,199 | ||
| Inventories | 473,359 | 496,103 | ||
| Notes receivable | - | 1,686 | ||
| Prepaid expenses and other current assets | 198,006 | 189,037 | ||
| TOTAL CURRENT ASSETS | 10,495,421 | 10,787,823 | ||
| Property and equipment, net | 8,795,147 | 8,843,975 | ||
| Goodwill, net | 601,407 | 69,672 | ||
| Favorable royalty contract, net | 144,013 | 152,697 | ||
| Operating lease right-of-use assets, net | 5,268,530 | 5,883,091 | ||
| Finance lease right-of-use assets, net | 1,134,741 | 1,024,072 | ||
| TOTAL ASSETS | $ | 26,439,259 | $ | 26,761,330 |
| LIABILITIES | ||||
| Accounts payable | $ | 1,283,569 | $ | 1,447,323 |
| Gift cards redeemable, net | Ψ | 543,562 | Ψ | 523,466 |
| Accrued expenses and other current liabilities | 3,338,913 | 2,828,632 | ||
| Current portion of operating lease liabilities | 811,560 | 835,056 | ||
| Current portion of finance lease liabilities | 343,795 | 300,663 | ||
| TOTAL CURRENT LIABILITIES | 6,321,399 | 5,935,140 | ||
| Operating lease liabilities, less current portion | 4,553,042 | 5,130,333 | ||
| Finance lease liabilities, less current portion | 813,703 | 730,688 | ||
| Other long-term liabilities | - | 27,000 | ||
| TOTAL LIABILITIES | 11,688,144 | 11,823,161 | ||
| OWNERS' EQUITY | ||||
| Common stock, no par value; 1,000,000 shares authorized; 391,250 | ||||
| voting shares issued and outstanding in 2023 and 2022 | 2,257,777 | 2,257,777 | ||
| Paid in capital - treasury stock | 12,100 | 12,100 | ||
| Retained earnings | 12,481,238 | 12,668,292 | ||
| TOTAL OWNERS' EQUITY | 14,751,115 | 14,938,169 | ||
| · | , , , , , | ,, | ||
| TOTAL LIABILITIES AND OWNERS' EQUITY | $ | 26,439,259 | $ | 26,761,330 |
CONSOLIDATED STATEMENTS OF INCOME
Monical
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's accounts payable totaled $1,447,323 in 2022. Accounts payable represents the short-term debts or obligations Monicals Pizza owes to its suppliers and other creditors.
For a prospective franchisee, understanding the accounts payable is crucial as it reflects the company's financial obligations and its ability to manage short-term liabilities. A higher accounts payable might indicate that Monicals Pizza is taking advantage of supplier credit terms, while a lower figure could suggest prompt payment practices or less reliance on supplier financing.
Reviewing these figures in the context of Monicals Pizza's overall financial health, including its assets, revenues, and other liabilities, provides a more comprehensive understanding of the company's financial stability. It's also important to compare these figures with industry benchmarks to assess Monicals Pizza's performance relative to its peers.