11:02 Outlook Ferdig Ferdig Diskusjonsdetaljer ACG 2071 Accounting Group = 150 Erin McKenna's Bakery's Florida location is at Disney Springs. Please review the web page about her bakery. As a result of COVID-19, Disney Springs has closed indefinitely. Locations in New York City and Los Angeles are also impacted. Like so many businesses, sadly 2020 is not going as planned for Erin. Erin's budget plans for 2020 were most likely set before January 1st, way before the current situation unfolded. Here are the three initial questions for this discussion. Each student should post the answers to these questions individually due date is Friday April 7th at Midnight). Then, once students have done their initial post, you are required to post at least four comments as you discuss everyone's responses as a group (due date is Tuesday April 14th at Midnight). No final group response is required on this assignment - just the posts conversing back and forth with the group will be enough. Question 1: Erin McKenna's Bakery will definitely have significant budget variances due to the COVID-19 virus business closure, especially if she receives no assistance financially from an outside source. After reviewing the web page, discuss the potential impact of COVID-19 on sales, operating expenses, cash receipts and cash disbursements. Be detailed in your answers - please mention specific impacts within those four categories. (10 points) Question 2: Erin McKenna's Bakery has less than 500 employees, therefore her business could qualify for some of the Small Business Administration programs that are included in the CARES Act that was signed into law by President Trump on Friday March 27th (10 points) A. How can the Paycheck Protection Program help Erin's business? B. How can the EIDL Loan Advance help Erin's business? C. How can the SBA Express Bridge Loans help Erin's business? 11:02 Outlook Ferdig Diskusjonsdetaljer ACG2071 Accounting Group # 150 could qualify for some of the Small Business Administration programs that are included in the CARES Act that was signed into law by President Trump on Friday March 27th (10 points) A. How can the Paycheck Protection Program help Erin's business? B. How can the EIDL Loan Advance help Erin's business? C. How can the SBA Express Bridge Loans help Erin's business? Question 3: How do you feel about the outlook for Erin McKenna's Bakery's future, if she pursues some of these options with the Small Business Administration? Your answer should be a full paragraph, not just a single sentence. (10 points) Discussion Responses: Four substantive posts to discuss the group responses with your team mates (2.5 points each post for 10 total points) 11:02 Outlook Ferdig Ferdig Diskusjonsdetaljer ACG 2071 Accounting Group = 150 Erin McKenna's Bakery's Florida location is at Disney Springs. Please review the web page about her bakery. As a result of COVID-19, Disney Springs has closed indefinitely. Locations in New York City and Los Angeles are also impacted. Like so many businesses, sadly 2020 is not going as planned for Erin. Erin's budget plans for 2020 were most likely set before January 1st, way before the current situation unfolded. Here are the three initial questions for this discussion. Each student should post the answers to these questions individually due date is Friday April 7th at Midnight). Then, once students have done their initial post, you are required to post at least four comments as you discuss everyone's responses as a group (due date is Tuesday April 14th at Midnight). No final group response is required on this assignment - just the posts conversing back and forth with the group will be enough. Question 1: Erin McKenna's Bakery will definitely have significant budget variances due to the COVID-19 virus business closure, especially if she receives no assistance financially from an outside source. After reviewing the web page, discuss the potential impact of COVID-19 on sales, operating expenses, cash receipts and cash disbursements. Be detailed in your answers - please mention specific impacts within those four categories. (10 points) Question 2: Erin McKenna's Bakery has less than 500 employees, therefore her business could qualify for some of the Small Business Administration programs that are included in the CARES Act that was signed into law by President Trump on Friday March 27th (10 points) A. How can the Paycheck Protection Program help Erin's business? B. How can the EIDL Loan Advance help Erin's business? C. How can the SBA Express Bridge Loans help Erin's business? 11:02 Outlook Ferdig Diskusjonsdetaljer ACG2071 Accounting Group # 150 could qualify for some of the Small Business Administration programs that are included in the CARES Act that was signed into law by President Trump on Friday March 27th (10 points) A. How can the Paycheck Protection Program help Erin's business? B. How can the EIDL Loan Advance help Erin's business? C. How can the SBA Express Bridge Loans help Erin's business? Question 3: How do you feel about the outlook for Erin McKenna's Bakery's future, if she pursues some of these options with the Small Business Administration? Your answer should be a full paragraph, not just a single sentence. (10 points) Discussion Responses: Four substantive posts to discuss the group responses with your team mates (2.5 points each post for 10 total points)
