The ability to interact and solve problems together — even at a distance — is a key skill in today's business environment.
In this Assignment, you have an opportunity to work with some of
your classmates in a team. The ability to interact and solve problems
together — even at a distance — is a key skill in today's business
environment. Team Assignment information is available in the Rubric icon
below, and your team has a proprietary Team Discussion Board area under
Unit 3 labeled Team X Discussion.
Please post your meeting minutes in your Team Discussion Board area.
Setting up a specific time each week to check in may be helpful.
The following course outcome is assessed in this Assignment:
PC-1.2: Contribute to team goals and objectives through active
participation and collaboration.
This Team Assignment requires you to:
1. Analyze financial data and present the rationale. This information
allows you to substantiate the 2018 loan denial.
2. Participate in the Team Discussion Board located under the Unit 3
Discussion area to discuss and prepare for your team response to the
checklist items.
Instructions: Read the scenario and then access the data spreadsheet
below and the business letter template as well as the grading rubric.
The grading rubric provides some tips on how to organize your team
process.
Scenario: 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to Bob was originally made in 2016 the bank required Bob to increase the
YE 2016 cash balance to at least $70,000 by YE 2017. The Cash Flow
Statement and Balance Sheet show an actual YE 2017 cash balance of less
than $34,000.
The Team Assignment requires participation in a team effort to complete
the (partially prepared) 2017 Cash Flow Statement. In Seminar 1 you
discussed how to complete and use the 2017 Cash Flow Statement outcomes
to explain how specific accounts influenced Bob’s low cash balances…in
other words, some reasons why Bob has no cash!
This information allows you to substantiate the 2018 loan denial. You
are aware this action will create dire financial circumstances for Bob’s
company. As the loan officer you 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.
Checklist: In the completed denial letter for the loan renewal for 2018:
Comparative Balance Sheets and a Cash Flow Statement are used in the
analysis as provided in the data worksheet found below. After review and
analysis of the Cash Flow Statement you will:
Prepare a business letter using the denial template provided, to
explicitly explain to the customer your reasoning for denying the loan.
Each team member will be asked to provide their respective analysis of
one of 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.
In your letter:
Include a strong thesis statement, introduction, and conclusion. The
main points of the response should be developed and explained clearly in
the denial letter with appropriate financial and accounting
terminology.
Support all arguments (no errors in logic) based upon the Statement of
Cash Flows data.
Exhibit strong higher-order critical thinking and include appropriate
judgments, conclusions, and assessments based on the team’s analysis of
the Balance Sheet and Statement of Cash Flows.
Provide proper classifications, explanations, comparisons, and
inferences based on the cash flow representations. Submission includes
recognition of accounts and team’s work is reconciled back to the
financial data provided.
- Assignment status: Solved by our Writing Team
- Source@PrimeWritersBay.com
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