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Compare the expenses and revenues of the system with parking meters and mobile parking. I need a general idea in financial terms that which option
Compare the expenses and revenues of the system with parking meters and mobile parking. I need a general idea in financial terms that which option between system with parking meters and mobile parking seems feasible and profitable for the municipality
EXHIBIT 4: SAMPLE CALCULATION FROM A MUNICIPALITY'S PERSPECTIVE \begin{tabular}{lr} \hline System with parking meters & \\ Total revenue from parking & 5,000,000 \\ Average fee per parking transaction & 2.50 \\ Number of parking meters & 300 \\ Number of parking spaces & 4,500 \\ Price per parking meter & 4,000 \\ Personnel expenses for maintenance & 60,000 \\ Spare part costs per machine per year & 50 \\ Consumable costs per machine per year & 85 \\ Expected usage of machines & 15 \\ Personnel expenses for cash collection & 90,000 \\ Bank cash deposit fee per machine per year & 50 \\ Management system fee per year & 5,000 \\ Personnel expenses for system operation & 60,000 \\ Mobile parking & 0.15 \\ Service fee per parking transaction & 5,000 \\ Maintenance and operating fee per year & \\ \hline \end{tabular}Step by Step Solution
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