500 word Business Memorandum budget recommendation

I’m trying to study for my Business course and I need some help to understand this question.

Consider this situation. You are the Finance Director for a small local business. This morning, you reviewed this basic summary quarterly income statement. Your supervisor (the Company President) just stopped by for a visit to discuss this situation – and he was obviously not happy. After a short discussion with him, he wanted you to produce the following:

  • Your recommendation on a plan for reducing overall expenses by at least 15%, while at the same time increasing advertising expenditures by 500%.
  • A simple budget (similar in structure to the summary quarterly income statement as shown below) that reflects your recommendation. Formulate this information in the form of a business memorandum using your findings from Purdue OWL.

Posting Requirements:

  • Your post should be at least 500 words in length.