Module 2 Financial Justifcation Memo

.docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

MBA580

Subject

Business

Date

Jan 9, 2024

Type

docx

Pages

8

Uploaded by DukeScience97225

Financial Justification 1 Module 2: Financial Justification Memo Kela Gilmore MBA 580 July 16, 2023 Professor T. Marion
Financial Justification 2 Memo To: CTO From: Kela Gilmore, Middle Manager Re: Incorporating loT into Connected Cars The purpose of this memo is to outline the financial options available when incorporating loT technology into Connected Cars for our company. Insider Intelligence forecasts more than 64 billion loT devices will be installed worldwide by 2026. (Meola, 2023) Financial Comparison Option A&B (incremental and discontinuous) and some data visualizations will determine which option has the utmost financial benefit. Figure 1 0 1 2 3 4 5 6 7 8 9 10 0 50 100 150 200 250 300 350 Sales Forecast Data: Option A Sales Traditional Sales Connected Years Sales Forecast in Billions
Financial Justification 3 Figure 2 0 1 2 3 4 5 6 7 8 9 10 0 50 100 150 200 250 300 Sales Forecast Data: Option B Sales Traditional Sales Connected Year Sale Forecast in Billions Sales Forecast Data Options for both A&B are displaying a similar upward trend. The traditional sales of both options A and B offer comparable sales; however, Option A is a better investment in connected sales. Years 6-10 show a significant increase in connected sales.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help