Description
Your company
For this assignment you will become the CEO of a new company. You will begin by describing this new company. You will use this company in future assignments. Write up a SHORT presentation or summary of one page or less answering the questions.
For your new company, you will need a description of the product or service.
Identify the market by answering the following questions:
- Who could be your potential customers for this product or service?
- Who could be your potential competitors for this product or service?
- What information would you seek about potential customers and competitors—list questions you would want answered.
- How will you find out this information—what kind of market research would you do?
- What do you think are the growth possibilities for this company?
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Open the NewYorkDMV-03.accdb database start file.
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Open the NewYorkDMV-03.accdb database start file.
The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor.
Enable content in the database.
Create a new summary query in Design view. The query counts the number of tickets issued by city and violation.
Add the Tickets table into the Query Design window.
Increase the size of the table object to display all of the fields.
Add the following fields into the query: City, PrimaryFactor, and TicketNumber.
Add the Total row to the query.
Group By the City and PrimaryFactor fields and Count the TicketNumber field.
Save the query as TicketCountByCityAndFactor.
Run the query. The datasheet should display 22 records.
Adjust the field column widths using AutoFit or Best Fit. The datasheet should be similar to Figure 3-104.Figure 3-104 Summary query results counting tickets by city and factor
Save the changes to the query.
Save a copy of the query as TicketCountByFactor.
Edit the TicketCountByFactor query in Design view. The query should show the total tickets issued for each violation factor, sorted in descending order by count.
Delete the City field.
Sort the TicketNumber field in descending order.
Save and run the query. The datasheet should match Figure 3-105.Figure 3-105 Summary query results counting tickets by factor
Close the query.
Create a new summary query in Design view. The query provides summary data on the total fines assessed against each driver.
Add both tables into the Query Design window.
Increase the size of the table objects to display all of the fields.
Add the following fields into the query: LicenseNumber, FirstName, LastName, Fine, and TicketNumber.
Add the Total row to the query.
Group By the LicenseNumber, FirstName, and LastName fields, Sum the Fine field and Count the TicketNumber field.
Sort the Fine field in descending order.
Save the query as TicketsByDriver.
Run the query. The datasheet should display 24 drivers who have received tickets, sorted in descending order by the total dollar amount of their fines (Figure 3-106).Figure 3-106 Summary query results of tickets by driver
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Most Popular Content
Allen County Community College Project Management Plan Worksheet Project
You are working with the IS Strategy team at A2Z Ecommerce LLC.The team is building an web site to showcase their vision t ...
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You are working with the IS Strategy team at A2Z Ecommerce LLC.The team is building an web site to showcase their vision to the employees. You are assisting the team in building the project management plan.
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Open the NewYorkDMV-03.accdb database start file.
The file will be renamed automatically to include your name. Change ...
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Open the NewYorkDMV-03.accdb database start file.
The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor.
Enable content in the database.
Create a new summary query in Design view. The query counts the number of tickets issued by city and violation.
Add the Tickets table into the Query Design window.
Increase the size of the table object to display all of the fields.
Add the following fields into the query: City, PrimaryFactor, and TicketNumber.
Add the Total row to the query.
Group By the City and PrimaryFactor fields and Count the TicketNumber field.
Save the query as TicketCountByCityAndFactor.
Run the query. The datasheet should display 22 records.
Adjust the field column widths using AutoFit or Best Fit. The datasheet should be similar to Figure 3-104.Figure 3-104 Summary query results counting tickets by city and factor
Save the changes to the query.
Save a copy of the query as TicketCountByFactor.
Edit the TicketCountByFactor query in Design view. The query should show the total tickets issued for each violation factor, sorted in descending order by count.
Delete the City field.
Sort the TicketNumber field in descending order.
Save and run the query. The datasheet should match Figure 3-105.Figure 3-105 Summary query results counting tickets by factor
Close the query.
Create a new summary query in Design view. The query provides summary data on the total fines assessed against each driver.
Add both tables into the Query Design window.
Increase the size of the table objects to display all of the fields.
Add the following fields into the query: LicenseNumber, FirstName, LastName, Fine, and TicketNumber.
Add the Total row to the query.
Group By the LicenseNumber, FirstName, and LastName fields, Sum the Fine field and Count the TicketNumber field.
Sort the Fine field in descending order.
Save the query as TicketsByDriver.
Run the query. The datasheet should display 24 drivers who have received tickets, sorted in descending order by the total dollar amount of their fines (Figure 3-106).Figure 3-106 Summary query results of tickets by driver
Close the query.
Close the database
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You are applying for a managerial position at an innovative and rapidly growing company. This is a dynamic company that wa ...
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You are applying for a managerial position at an innovative and rapidly growing company. This is a dynamic company that wants an individual who adds value to the organization. Managers at this company wear many hats, so the position requires managing products, people, and financial aspects of running the company.
As part of the interview process, you are required to make a presentation covering four different topics, one per module for this course.
You choose the company and the new product that you want to showcase in your presentation. It can be real or fictitious (based on an industry). This is for background purposes only. The presentation is to showcase your abilities and what you can contribute to the organization.
IBIS World (access on the Trident Portal through the Online Library > Additional Library Resources > IBISWorld link) and BizStats have estimates of cost of goods sold and some other categories of operating expenses. Information about contribution margins is not available, but adding new products typically mean incurring both fixed and variable costs. Consequently, cost of goods sold is a reasonable estimate. Net operating income as a percentage of sales or some variation thereof may also be relevant if the new product is expected to contribute significantly to the bottom line. As a candidate for a position you would not have internal information available, but being resourceful and being a skilled researcher are desired traits for the position. IBIS World also has a wealth of other market statistics that may be helpful. Use listed background material and other resources as needed.
Required:
Include the following items in your presentation.
Present an idea for a new product.
Describe the product.
Show some cost estimates and pricing suggestion for this product based on research.
What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design.
Explain your rationale for the pricing approach.
Show expectations of growth and potential profit.
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Assume that you are on the board of directors for a start-up firm. The firm is expecting small profits and possible losses, but significant growth over the next 10 years. They have asked your opinion on a dividend policy for the firm. Provide your opinion on a dividend policy along with reasoning using terminology discussed in this module. When responding to your peers, select a consideration they may not have thought about pertaining to the dividend policy and explain how it might affect the policy.Your document should be a minimum of 350-500 words and have credential references.
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