Mr Yi’s New Venture

Mr Yi has sent another letter. He needs your help!

Get the best raw materials you can, give the customer the best price you can and give the best service you can. And if you do all of these things you'll make it. "Henry Ford"
Open Gmail and download the letter from your friend Yi.

Read the letter carefully, and using Excel and the handout from Peter's class last week, prepare a balance sheet using the information from Yi's letter. Use Excel formulas for all calculations.

Reply by writing a letter to Yi in Microsoft Word.

Include in your letter:

1. The Excel Balance Sheet.
2. Advice regarding a business plan.
3. Your opinion as to whether or not he should proceed with the new venture.

Attach the letter to an email to your teacher.