How much does Parker estimate the construction of the warehouse expansion will cost?

Jump Start your Micro-Enterprise Credential Exam prep with our engaging, interactive quiz. Utilize flashcards, explore multiple choice questions, and receive tips with detailed explanations. Propel your learning journey to success!

The estimate of $150,000 for the construction of the warehouse expansion indicates a moderate investment that likely reflects the complexity and scale of the project. This amount suggests that Parker has taken into account various factors such as construction materials, labor costs, permits, and possible unforeseen expenses that could arise during the construction process. An estimate of this size might also indicate a quality-oriented approach, ensuring that the infrastructure meets required standards and supports future business needs.

In contrast, other figures such as $100,000 or $50,000 may be too low to cover typical expenses associated with a warehouse expansion, which often involves significant costs. The higher figure of $200,000, while still plausible, could indicate an overestimation that would need to be justified by uniquely high requirements or expansive features that aren't typically necessary for standard warehouse expansions. Thus, the careful assessment leading to the $150,000 estimate aligns with a realistic budget strategy that prepares the business for successful expansion.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy