Answered>Order 20142
Part I
The Chief Financial Officer (CFO), Patricia Bendiger of Tellabine Company in Denver, Colorado is asking for your advice. The CFO explains sales are increasing but there is a constant matter of not having enough cash to meet payroll or pay vendors within 30 days.
Checklist: Prepare a business letter to the CFO:
1. Explain why cash can go down even when sales are up; refer to “receivables.”
2. Analyze the scenario and explain three accounts the CFO should review each day and explain why. Focus on short-term balance sheet accounts, i.e., “receivables and payables.”
3. Your business letter should:
- Use the accepted business letter format and example as provided above.
- Utilize Standard English and use correct spelling and grammar.
- Provide a clearly established and sustained viewpoint and purpose.
The writing should be well ordered, logical and unified, as well as original and insightful.
4. Your business letter must be written in a minimum of 2 pages using APA 6th edition
Part II
The ability to interact and solve problems together — even at a distance — is a key skill in today’s business environment. In this part of the assessment you have the opportunity to analyze financial data and present the rationale to deny a loan renewal request besides getting some practice operating as you were a member of a team.
Instructions: Read the scenario in the pdf provided below and then access the data spreadsheet and the denial letter template, as well as the grading rubric. Then, as if you were a member of a team, respond to the checklist items below.
Checklist:
- In a Microsoft® Word® document address the following as if you were a member of a team (although you alone are responsible for the deliverables) based on the scenario in the pdf provided:
-Provide the goals, resources, and timelines for the team project.
-Explain the communication protocol for team members.
-Explain how you resolved the problems on page #8 of the pdf.
- Access the denial letter template below and complete the loan denial letter.
As the loan officer, you must pass along the news in a business letter that is most professional and written in an objective manner. Please use values in the letter whenever possible.
- Access the data worksheet below and complete it.
- Using analysis of the data sheet, explain in your letter why you are denying the loan renewal based on:
-Accounts Receivable
-Accounts Payable
-Inventory
- Submit the three completed documents: (1) the Microsoft® Word® document explaining your team process, communication, and problem solving from bullet #1 (label as part a); (2) include the loan renewal denial letter (label as part 2b) and (3) the data worksheet (label as part 2c) to the Dropbox labelled as Assessment “MT480M1-2_CFO_your name” and submit to the M1-2 Dropbox.