PLEASE USE ATTACHED DOCUMENTS TO PERFORM ASSIGNMENT.
This Competency Assessment assesses the following outcome(s):
GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.
In this first part of the Assessment, 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.
The Chief Financial Officer (CFO), Patricia Bendiger of Tellabine Company in Denver, Colorado 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 to the CFO:
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.
4. Your business letter must be written in a minimum of 2 pages using APA 6th edition formatting. Please label your Assessment as “MT480M1-1_CFO_your name” and submit to the M1 Assessment Dropbox.
Minimum Submission Requirements
Address all the checklist items.
Include a strong thesis statement, introduction, and conclusion.
Support all arguments (no errors in logic).
APA formatting dictates that you use Times New Roman 12-point font, with correct citations, uses Standard English with no spelling or punctuation errors.
If work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned without being scored.