Part 1 (10pts)
For the scenario below, write a business memorandum (at least 500 words in length), providing a recommendation and describing the solution approach.
Sally is self-employed.
She makes cookies out of her own home, and sells these cookies through her website.
Recently, a severe storm went through the area that Sally lives in, and caused some damage to her home.
Sally was forced to use some funds from her cookie business to pay for the needed home repairs.
At this point, Sally only has enough money to make ten-dozen more cookies, which will likely not be enough quantity to produce enough profit for her to buy more ingredients to make more cookies.
Sally knows she could generate more cash on hand if she generated more advance-orders, but she also knows that she would have to advertise more.
Advertising more might force her to use the remainder of the cash on hand she currently has.
Sally needs to quickly decide what to do.
These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.MEMO.
Subject: Creative Financing – Sally’s Dilemma.
Having heard about your predicament with the home cookie baking business, I would like to offer some pointers which I think might be helpful in steering you in the right direction. From what I understand, you had a home baking business that was running fine until disaster struck and a storm damaged your home. Of course, as every other reasonable person would have done under such circumstances, you took some...
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