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.

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.

Question 2: Erin McKennas 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 27^th.

A. How can the Paycheck Protection Program help Erins business?

B. How can the EIDL Loan Advance help Erins business?

C. How can the SBA Express Bridge Loans 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.