11.9 Writing a Bad-News Message about Jensen Chemicals and Hardware Depot (LO11.4)

Assume the role of Nick and write an email to your uncle explaining why you think the company needs to get out of chemicals. You think the chemicals division could be sold for around half a million dollars. You currently have about $740,000 in debt related to the chemicals division. You would need to lay off ten employees, all of whom have been loyal to the company for many years. However, you think it’s necessary because the chemical division lost nearly $200,000 last year, and you expect things to get worse.