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Assignment 2: Business Letter
The following course outcome is assessed in this Assignment:
GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.
In this Assignment, you will prepare a business letter to share your advice with a client. You will explain complex financial data and discuss the cause and effect of select accounting transactions on cash balances.
Read the fictional scenario and respond to the checklist items.
Scenario:
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: Prepare a business letter (see the rubric) to the CFO to explain:
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.
Directions for Submitting Your Assignment
Your business letter must be written in a minimum of 2 pages using APA 6th edition 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 Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course.
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.
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Explanation & Answer
Attached.
Running Head: BUSINESS LETTER
1
Assignment
Student Name
Course Name
Institute Name
Professor Name
Date
BUSINESS LETTER
2
Semtell Company in Cincinnati, Ohio
Date/Day/Month
Mr. Karl Richland CFO Semtell Company
Dear Mr. Richland,
The purpose of writing this letter is to provide some financial advice to the CFO of
Semtell Company in Cincinnati, Ohio. Mr. Karl Richland is facing the issues of Cash going
down despite of having increased sales. The company has recorded increased sales, but it always
faces challenges to meet payrolls or even pay the vendor within 30 days. The primary reason for
this issue is the effect of receivables. When there is an increase in the Accounts Receivables, the
business starts facing the problems of cash shortage (Jikia, 2018). The customers buy the
products or the services on credit. Semtell Company sales are increasing, but mostly the
customers are purchasing the products and services on credit. T...