Erin McKennas Bakerys 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.

Erins budget plans for 2020 were most likely set before January 1^{st ,} 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 10th 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 McKennas 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 McKennas Bakery has less than 500 employees, therefore her business could qualify for some of the Small Business Administration programs (Links to an external site.) that are included in the CARES Act (Links to an external site.) that was signed into law by President Trump on Friday March 27^th. (10 points)

A. How can the Paycheck Protection Program (Links to an external site.) help Erins business?

B. How can the EIDL Loan Advance (Links to an external site.) help Erins business?

C. How can the SBA Express Bridge Loans (Links to an external site.) help Erins 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)