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Read the fictional scenario and respond to the checklist items.
The chief financial officer (CFO), Karl Richland, of Semtell Company in Cincinnati, Ohio, 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: Using the information contained in the company’s cash flow statement, prepare an informational business letter to the CFO to explain:
Why cash can go down even when sales are up.
How increases in accounts receivables and inventory balances affect cash flows within a company.
What effect increases or decreases in asset and liability accounts have on cash flow.
How changes in accounts payable balances impact cash flows.
Recommend a possible solution for the company’s shortage of working capital.
Your informational 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.
Include at least one scholarly, high-quality, and current Purdue Global Library source and/or your textbook.
Directions for Submitting Your Assignment
Your business letter must be a minimum of 2 pages using current APA formatting. Please label your assignment as “UNIT 1 CFO – your name” and submit to the Unit 1 Assignment 2 Dropbox.
For assistance with APA formatting, go to the Academic Tools area of the course and select APA Style Central, where you will find many resources to assist you.
Disclaimer: This exercise may include actual companies and brand names solely for instructional purposes; this exercise is not associated with any such actual company or brand name. All trademarks remain the property of their respective owners.