Solution-Explain three accounts the cfo should review

Explain three accounts the cfo should review

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Reference no: EM132779931

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: Prepare a business letter (see the rubric) to the CFO to explain:

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.

Reference no: EM132779931

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Explain three accounts the cfo should review

Reference no: EM132779931

Reference no: EM132779931

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