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The owner of Delton Property Rentals, Teal Delton, has requested an emergency meeting with you, a representative from the bank.

"Our accountant has been on leave for the past several months and her replacement has resigned suddenly. I'm told we can't pay our employees this month and your bank won't lend us any money. I don't understand. We have lots of assets that can be used to pay expenses, as you can see from our balance sheet."

Using the elements of critical thinking, outline how you will respond to Teal Delton.

Answer :

This approach will involve gathering more information, analyzing the situation, and exploring potential solutions. Through open communication and collaboration, you hope to assist Mr. Delton in finding a viable path forward for the company.

In response to Teal Delton's request for a meeting, you will outline a plan of action to address the financial difficulties faced by Delton Property Rentals. This plan will involve gathering more information about the company's assets, liabilities, and cash flow, as well as assessing the feasibility of securing a loan from the bank. By conducting a thorough analysis, you aim to provide Mr. Delton with a clear understanding of the situation and potential solutions.

To address Teal Delton's concerns, the first step would be to gather more information about Delton Property Rentals' assets, liabilities, and cash flow. This will help in understanding the company's financial position and evaluating the available resources to meet the current obligations. Reviewing the balance sheet provided by Mr. Delton is a good starting point.

Next, it would be important to assess the company's cash flow situation. Understanding the timing of cash inflows and outflows will shed light on the liquidity challenges faced by Delton Property Rentals. It will be necessary to examine the company's cash flow statement and identify any significant issues or discrepancies.

Simultaneously, it is crucial to determine the reasons behind the bank's reluctance to provide a loan. This may involve having discussions with the bank to understand their concerns and requirements for lending. By addressing these concerns, you can work towards establishing a more favorable lending relationship and potentially secure the necessary funds to meet the company's immediate needs.

Once all the necessary information has been gathered, it will be possible to present a comprehensive analysis to Mr. Delton. This analysis should include a clear overview of the company's financial situation, highlighting any potential liquidity issues and possible solutions. It may involve exploring alternative sources of financing or implementing cost-cutting measures to improve the company's financial stability.

By outlining this plan to Mr. Delton, you aim to provide him with a structured approach to addressing the financial challenges faced by Delton Property Rentals. This approach will involve gathering more information, analyzing the situation, and exploring potential solutions. Through open communication and collaboration, you hope to assist Mr. Delton in finding a viable path forward for the company.

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