Write a memo to an investor to include all the following within the memo to incr
ID: 388012 • Letter: W
Question
Write a memo to an investor to include all the following within the memo to increase buyers
size of office space will double, and so will rent
staff size will double
payroll will be 3 times the current payroll
new hardware and software will be purchased cost $500,000
Emojis and emoji packages will be created more quickly
half of the new hires will be animation specialists
animated emojis will be a new product for SeeMoji
Prototype animated emojis have been very popular with customers
animated emojis are projected to yield a 2 times increase in annual revenue
all changes are part of a larger plan to improve SeeMoji's business model
Explanation / Answer
To: XYZ (An investor of SeeMoji)
From: ABC (CEO of SeeMoji)
Date: September 19, 2018
Subject: New initiatives being taken by the company to increase its annual revenue by developing animated emojis.
To increase the annual revenues of the company to twice the amount of current revenue levels the company’s management is taking several initiatives in the animated emojis front. For making a stronger presence in the animated emoji sector the company will have to hire new employees and most of these employees will be animation specialists.
The new initiatives will also lead to increase in costs as office space will have to be doubled from the current size, leading to higher rental expenses. The company’s payroll expenses are also set to rise by 3 times from the current payroll level. It will also entail an additional $500,000 towards purchase of new hardware and software.
The benefits from these initiatives will far outweigh the above mentioned costs. Firstly emojis and emoji packages will be created more quickly. Secondly the company will be able to increase its revenues at a higher rate than its costs thus leading to incremental profits. These changes will augur well for the company in the long run and will help it create a strong position for itself in the animated emojis sector.
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