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 companyâ€
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 companyâ€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.
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