Define the problem in the scenario that you have chosen

Reference no: EM132086716

Question: "Sales Forecasting and Cash Flow" Please respond to the following:

• An important step in developing a projected (pro forma) income statement is to create a sales forecast and calculate anticipated revenue for the business. Imagine you are creating a business-develop a sales forecast and estimate revenue for the first year of operation, and describe the process you used to arrive at your estimates.

• The three (3) primary causes of cash flow problems in a business are accounts receivable, accounts payable, and inventory. Imagine you are creating a business-identify one (1) cause of cash flow problems that you believe will be the most challenging for your company. Next, discuss the strategies you will use to mitigate problems in this area.

Assignment 1: Review the six-step problem solving process outlined in the webtext, based on the article "The Problem Solving Process":

• Step One: Define the problem

• Step Two: Analyze the problem

• Step Three: Generate options

• Step Four: Evaluate options

• Step Five: Make your decision

• Step Six: Implement and reflect

Write a four to five (4-5) page paper in which you:

1. Define the problem in the scenario that you have chosen.

2. Analyze the problem in the scenario.

3. Generate options for solving the problem in the scenario.

4. Evaluate the options for solving the problem.

5. Decide on the best option for solving the problem.

6. Explain how you will implement the decision made and reflect on whether this option was the most effective.

The paper should follow guidelines for clear and organized writing:

• Include an introductory paragraph and concluding paragraph.

• Address main ideas in body paragraphs with a topic sentence and supporting sentences.

• Adhere to standard rules of English grammar, punctuation, mechanics, and spelling.

Your assignment must follow these formatting requirements:

• This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.

The specific course learning outcomes associated with this assignment are:

• Recognize the hindrances to the decision-making process in order to apply problem-solving skills to a variety of situations.

• Create written work utilizing the concepts of critical thinking.

• Use technology and information resources to research issues in critical thinking skills and informal logic.

Information related to above question is enclosed below:

Attachment:- Assignment.rar

Reference no: EM132086716

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