Sales Revenue for 2022
- Human Resource Cost: The annual human resource cost is $200,000, including employee salaries and benefits.- Marketing Cost: The marketing budget is set at $100,000 for advertising, promotions, and market research.- Insurance Cost: The insurance cost amounts to $5,000, covering the protection of the shop and inventory.- Cost of Parts: The cost of parts accounts for 30% of the sales revenue, used for purchasing and maintaining inventory.- Sales Revenue: The annual sales revenue amounts to $1 million.