Homework Assignment Help

timer Asked: Apr 5th, 2016

Question description


The Assignment requires an analysis of specific financial data of Bob Smith Inc.

Bob is an existing bank customer. When the loan to Bob was originally made in 2013

The bank required Bob to increase the YE 2014 cash balance to at least $70,000. The

Cash Flow Statement and Balance Sheet show an actual YE 2014 cash balance of less

Than $34,000.The Assignment requires participation in a team effort to complete the (partially

Prepared) 2014 Cash Flow Statement. In Seminar 1 you discussed how to complete

And use the 2014 Cash Flow Statement outcomes to explain how specific accounts

Influenced Bob’s low cash balances...in other words...some reasons why Bob has no

Cash! This information allows you to substantiate the 2015 loan denial. You are aware this

Action will create dire financial circumstances for Bob’s company. 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.

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