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Research Assignment Five Use of Funds Held In Trust Your employer would like to use the funds that had been held in trust to pay the current accounts payable. You are concerned about this plan because you know that funds held in trust are not to be used for daily business operations The amount your employer is planning on using is $275,000. That amount is due to be remitted to the CRA this Friday. He feels that these funds can be replaced through cash receipts from accounts receivable within th next 60 days. Create an email addressed to your employer (Mr. Jack Businessman) detailing the possible consequences of using funds held in trust for business purposes. Be as specific as possible about the costs related to delaying the remittance amount by 60 days. Use an appropriate Subject line and upload the email to the screen below for marking. Submission status