Why cash can go down even when sales are up; refer to “receivables.”

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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.

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