Reference no: EM13856758
Team Assignment: Prepare a Business Letter (due in Unit 3)
The ability to interact and solve problems together - even at a distance - is a key skill in today's business environment. You will demonstrate the ability to solve complexproblems by establishing a team setting ensuring all team members properly complete agreed upon and assigned tasks. Your team has a proprietary Team Discussion Board area under Unit 3 labeled Team XDiscussion. Your team lso has a team-specific email group list, and a privatesynchronous Chat area, if you choose to use them. Teams sometimes use an nstant messaging service, such as AIM. Please post your meeting minutes in your TeamDiscussion Board area. Setting up a specific time ach week to check in may be helpful.This Assignment will assess your knowledge based on the following outcome:
PC-1.2: Contribute to team goals and objectives through active participation and collaboration. You will analyze financial data and present the rationale to deny a loan renewal request. Comparative Balance Sheets and a Cash Flow Statement are used in the analysis. After review and analysis of the Cash Flow Statement you will prepare a businessletter to explicitly explain to the customer your reasoning for denying the loan.
? Each team member will be asked to provide their respective analysis of oneof the six sections of the team's letter.
? Teams are required to prepare and post meeting minutes to their Team Discussion Area that will also be submitted with the final Team Assignment.
? One member of the team will submit the final Team Assignment with the meeting minutes to the Assignment Dropbox.
Team Assignment Instructions
The Team 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 When the loan to Bob was originally made in 2013 the bank required Bob to increase the YE 2014 cash balance to at least $70,000.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 Team Assignment requires participation in team effort to complete the (partially prepared) 2014 Cash Flow Statement. In Seminar 1 you discussed how to completeand use he 2014 Cash Flow Statement outcomes to explain how specific accountsinfluenced Bob's low cash balances...in other words...some easons 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 Units 1-3 [MT480: Corporate Finance] 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. The documents for this project ill be reviewed in Seminar 1 and the Team Assignment will be due by the end of Unit 3.
Requirements
This project includes data for the a) comparative Balance Sheets, b) partially completed Cash Flow Statement worksheet and, c) the template outline of the loan denial letter.Each document will be reviewed in the Week 1 Seminar. You will locate the comparative alance heets and Cash Flow Statement worksheet in the Team Assignment Worksheets file. Please use the template outline to prepare the business letter.
Attachment:- mt480_u3_team_worksheets.xlsx