2024 – There are two Assignments due this week A Lab Assignment and a written Assignment Assignment 1 Lab WileyPLUS Assignment

 

There are two Assignments due this week: A Lab Assignment and a written Assignment

Assignment 1 Lab: WileyPLUS Assignment Problems

Be sure to complete the Learning Activities to review the material before beginning your Assignment. Your Assignment is found by selecting the “Unit #1 Lab Assignment” link under each unit’s Assignment area. A majority of the Assignment questions are based upon “algorithmic” or quantitative outcomes.
You will respond to 10 questions regarding your reading from Chapters 1 and 3. Each question will be worth 4 points if answered correctly. You will be allowed two (2) attempts at each question.

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Assignment 2: Business Letter

The following course outcome is assessed in this Assignment:

GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.

In this Assignment, 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.

Scenario:

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.

Unit 1 Assignment 2 Rubric

Directions for Submitting Your Assignment

Your business letter must be written in a minimum of 2 pages using APA 6th edition formatting. Please label your Assignment as “UNIT 1 CFO – your name” and submit to the Unit 1 Assignment 2 Dropbox.

For assistance with APA formatting, go to the Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course.

Disclaimer: This exercise may include actual companies and brand names solely for instructional purposes; this exercise is not associated with any such actual company or brand name. All trademarks remain the property of their respective owners.