WorkEE

Representing Data Visually

April 23, 2018

Representing Data Visually

Revenues

The remodeling of the shop is expected, within the first year, to generate revenue estimated to increase by $150,000 due to the new look. The second option shop will increase the revenues by $240,000

Profits and costs

The profits generated by the two options differ. The remodeling, with an initial cost of $44,700 per shop will generate $150,000 resulting into a $105,300 as profits. However, the conversion into a drive way wills costs 300,000 but generate 240,000 resulting into a 60,000 loss.

The most viable option

The remodeling will involve various dynamics ranging from painting, new furniture, marble floor, new counter, and various arts. The painting will cost $200, the furniture will cost $3000, marble floor will cost $1500, a new counter will cost $6000, and arts will cost $ 4000 while labor will be $30,000.