In this Assignment, you will prepare a business letter to share your advice to a client. You will explain complex financial data and discuss the cause and effect of select accounting transactions has on cash balances.
Assignment must be written in a minimum of 2-pages with APA formatting.
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Read the following scenario:
The Chief Financial Officer (CFO) of a company 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.
Prepare a business letter to the CFO to explain:
1. Why cash can go down even when sales are up; refer to â€œreceivables.â€
2. Which three accounts should the CFO review each day and why? Focus on short-term balance sheet accounts, i.e., â€œreceivables and payables.â€
The following is a general structure for informational business letters; however, this is not a template, and modifications may be necessary for composing this type of letter. An example is included at the end of this list.
â€¢ Letterhead. Most companies have stationary that has the company logo and contact information at the top. Generally, readers expect to see business letters on letterhead because it adds to the companyâ€™s credibility; so if this is available, it is advisable to use it for all business correspondence to outside customers or clients. It is generally not needed for internal letters or memos.
â€¢ Opening information. This includes a date and the name and address of the customer.
â€¢ Introductory paragraph. For an informational business letter, the introduction can go several ways. It can introduce the product or service or it can establish a problem for which the reader will want to know a solution.
â€¢ Body paragraphs. Body paragraphs will follow the lead made in the introduction. This is where you give details about the product or service and explain how it will solve a problem you think the reader faces.
â€¢ Closing paragraph. Here is where you might give your strongest point or last pitch and provide contact information.
â€¢ Complementary close. The letter should end with a close like Sincerely or Best or Respectfully.
â€¢ Signature block. Sign your name and include your title.
â€¢ Format of business letters. Business letters are written single-spaced and generally in a block format, which means that everything is aligned to the left margin. In block format, paragraphs are generally not indented, so double space between paragraphs.