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 RubricDirections for Submitting Your AssignmentYour 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 Academic Tools area of the course and select APA Style Central where you will find many resources to assist you.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.