8 Aug 2022

125

NewCo Financials: The Future of Financial Planning

Format: APA

Academic level: College

Paper type: Critical Thinking

Words: 246

Pages: 1

Downloads: 0

In this modern mobile era, users across the globe would require services which are integrated in pone device to ensure efficiency. Mobile apps are usually faster and offer personalized content that meets the user's preferences. Developing an app for a company like Google would require sufficient capital as for the company to purchase and integrate the app in their systems, developers must show its efficiency and how it’s going to assist users as well as the company’s finances. The costs of developing an app depend on factors such as app complexity, size, developmental charges, and technologies novelty (Lusky, Powilat & Böhm, 2017). Surveys suggest that developing a mobile enterprise app may cost between $ 100 000 and $ 500 000. The costs associated with our app NewCo include; 

Description  Cost 
Geolocation  $ 15,000 
Customer user interface  $ 30,000 
Media content  $ 4,000 
Multi-language support  $ 2,000 
Email login  $ 4,500 
Camera/photos  $ 15,000 
Designing costs  $ 5,000 
Push notifications  $ 3,000 
Amounts paid to project manager, back-end developer, designer, developer, and tester  $ 35,000 
User profiles  $ 15000 
Total  $ 128,500 
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The NewCo app is set to revolutionize the communication by supporting videos, pictures, and audio files. The app can, therefore, be used for marketing the company's products and services. The app can also be used for sells promotion and giving clients particular instructions. Google can advertise the app to the global population and sell it to users at, for instance, $ 1, thereby generating revenue. I believe the app would sell as users have found Google applications useful and trustworthy (Andujar, 2016). Users can also use NewCo to communicate to their airlines, and banks and the business would pay through app subscriptions. This means more revenue for the company. 

References 

Andujar, A. (2016). Benefits of mobile instant messaging to develop ESL writing.  System 62 , 63-76. 

Lusky, M., Powilat, C., & Böhm, S. (2017), “Software cost estimation for user-centered mobile app development in large enterprises,”  International Conference on Applied Human Factors and Ergonomics  (pp. 51-62). Springer, Cham. 

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StudyBounty. (2023, September 14). NewCo Financials: The Future of Financial Planning.
https://studybounty.com/newco-financials-the-future-of-financial-planning-critical-thinking

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