Suppose that the exchange rate ($/Euro) is 1.10 on July 1st….

Questions

Suppоse thаt the exchаnge rаte ($/Eurо) is 1.10 оn July 1st.  Now suppose that the Federal Reserve engages in expansionary monetary policy on July 2nd.   What is the most likely cost for a U.S. steel importer to purchase steel from a European producer that wants to sell the steel for 1,600 euros on July 2nd after the Federal Reserve's actions?

Suppоse thаt the exchаnge rаte ($/Eurо) is 1.10 оn July 1st.  Now suppose that the Federal Reserve engages in expansionary monetary policy on July 2nd.   What is the most likely cost for a U.S. steel importer to purchase steel from a European producer that wants to sell the steel for 1,600 euros on July 2nd after the Federal Reserve's actions?

Suppоse thаt the exchаnge rаte ($/Eurо) is 1.10 оn July 1st.  Now suppose that the Federal Reserve engages in expansionary monetary policy on July 2nd.   What is the most likely cost for a U.S. steel importer to purchase steel from a European producer that wants to sell the steel for 1,600 euros on July 2nd after the Federal Reserve's actions?

Suppоse thаt the exchаnge rаte ($/Eurо) is 1.10 оn July 1st.  Now suppose that the Federal Reserve engages in expansionary monetary policy on July 2nd.   What is the most likely cost for a U.S. steel importer to purchase steel from a European producer that wants to sell the steel for 1,600 euros on July 2nd after the Federal Reserve's actions?

Dоwnlоаd the fоllowing files: Inventory.xlsx Suppliers.xlsx Inventory аnd Suppliers.аccdb Description: You will create a database for Frank Osei, Vice President of Finance, that contains inventory and supplier information. In addition, you will create queries that answer specific questions relating to the inventory items and suppliers, forms for entering and updating information, and reports. Instructions (There are 20 steps to this exam): Download the Inventory and Supplier Excel files and the database called 'Inventory and Suppliers'. Rename the Database file to LastName_Access Test in the downloads folder and then open the Database. Rename the table called Inventory to be called LastName_Inventory. Open the Inventory table in Design View. Rename the ID field to Item ID and change the Data Type to Short Text. Continue adding the following fields as Short Text except for Retail Price, which should have a Currency Data Type. Change the field size for Supplier ID to 7. CHECK YOUR SPELLING to avoid errors in future steps: Item Name Retail Price Category Sport Supplier ID  Switch to Datasheet view. Enter the following two records into the Inventory table: First Record Item ID: 106555 Item Name: Snowboard Retail Price: 99 Category: Equipment Sport: Skiing Supplier ID: SUPP-06 Second Record Item ID: 106556 Item Name: Wool Socks Retail Price: 59 Category: Socks and Gloves Sport: Skiing Supplier ID: SUPP-04  Close the table. Append a copy of the records from the downloaded Inventory workbook to the Inventory Accept all defaults in the wizard and do not save the Import steps. Open the table, verify there are 25 records, and apply Best Fit to all fields. Save and close the table.  Import the source data from the downloaded Suppliersworkbook into a new table in the current database. In the wizard, click the First Row Contains Column Headings option and set the primary key to Supplier ID. Name the table LastName_Suppliers.  Open the Supplierstable in Design view. Make the following changes: Delete the Fax Number field Change the field size of the State field to 2 and add a description about the state abbreviation Change the Postal Code field type to Short Text Save the table. Switch to Datasheet view and apply Best Fit. Save and close the table.  Verify all objects are closed. Create a relationship between the two tables in the database using Supplier ID as the common field. Enforce Referential Integrity and select both Cascade options.  Create a relationship report. Save the report with LastName_Relationshipsas the name. Close the report and the Relationships window.  Create a query in Design view, using your Inventorytable to answer the question What is the item name (in ascending order), retail price, and category of items that cost less than $100 for the sport of hiking? Add the fields in that order. Run the query and then save it as Last Name_Query 1. Seven records match the criteria. Close the query.  Create a query in Design view, using your Inventorytable to answer the question What is the sport, item name, retail price, and supplier ID for the category of shoes where the sport is hiking or biking? Arrange the fields in the order in which they're mentioned in the question. Sort the records first in ascending order by Sport and then in ascending order by Item Name. Run the query and then save it as Last Name_Query 2. Six records match the criteria. Close the query.  Create a query in Design view, using both tablesto answer the question What is the category, item name, company, and phone number for categories that begins with the letter S for the sport of biking? Add the fields in that order. Sort the records first in ascending order by the Category field and then in ascending order by the Item Name field. Run the query and save it as Last Name Query 3. Six records match the criteria. Close the query.  Create a query in Design view, using the Inventorytable to answer the question For the supplier ID of SUPP-06, item name, and retail price, what is the markup for each item if marked up 10%, and what is the final price? Add the fields in that order. Name the first calculated field Markup and name the second calculated field Final Price. Run the query and apply Best Fit. All numeric fields should be formatted as Currency with 2 Decimal Places. Run the query and save it as Last Name_Query 4. Four records match the criteria. Close the query. Create a query in Design view, using the Inventorytable to answer the question, What is the total retail price for each category, sorted in descending order by the Category field? Display the fields in the order listed in the question. Display the Totals row and use the Sum and Group By aggregate functions properly in your design. Run the query and save it as Last Name_Query 5. Seven records match the criteria. Close the query.  Create a query in Design view, using the Inventory table that prompts the user to enter the Sport and then answers the question What is the Item ID, Item Name, Supplier ID, and Retail Price for each item? Run the query using Fitness as the sport when prompted for criteria. Save the query as Last Name_Query 6. Five records match the criteria. Close the query. Based on the Supplierstable, use the Form tool to create a form. Switch to Form view and use the form to add a new record as follows. When you’re done, save the form as LastName_Supplier_Form: Supplier ID: SUPP-12 Company: Beach Water Sports Inc Email Address: info@watersports.biz Phone: (305) 555-6543 Address: 14 South Beach Rd City: Miami State: FL Postal Code: 33125 Based on your Supplierstable, use the Report tool to create a new report. Delete the following fields from the report: Supplier ID, Address, City, State, and Postal Code. Change the Page 1 of 1 footer to align left at 5. Apply the Facet theme to this object only. Sort the Company field in ascending For the Phone field, change the Width property to 1.25. For the Company field, change the Left property to 1 and then close the Property Sheet. Save the report as LastName_Supplier_Report.  Close all database objects. Close the database and then exit Access.  To Submit: CLOSE ACCESS and wait at least 1 minute so that the smaller lock file with the same name closes automatically! You do not want to accidentally upload the .accdbl file instead of the .accdb file! Submit database file to Canvas. Log out of Canvas but DO NOT log out of the workstation before you leave.