7/29/2019 Project Review Ara

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PROJECT REVIEW

In my opinion I think my financial was successful, slue to many reasons. Firstly my

model showed me the amount f money I will make during a year, by using formulas such as

the IF statement that was able to predict what money my park will gain during a year.

Besides it showed me how much money I am supposed to save in order to make a profit for

a loss. The productions and results were shown accurately by my model since the formulas

worked correctly, such as SUM, AVERAGE, MINIMUM, and MAXIMUM. All of thefollowing aspects were include in my model Absolute and Relative Cell

ReferencingConditional Formatting FormulaIF Statement and Validation. Thanks to theaforementioned aspects my model was able to predict the operations of my park in an

efficient and successful way.

My model works in either inputs or outputs efficiently. For instance: park entrance

fees and riding ticket my model adds up all of these incomes per month by using the

formula SUM, on the other hand, staff wages and loan interest I calculated by the use of

the formulas SUM in order to obtain a total amount of cost per month. Therefore in order

for my model to calculate a profit or; loss both amounts (incomes and costs) are subtracted.

We can identify f there was a profit or loss in the month by the change of color in the cells,

which help me recognize easily whether I gained or lost during that month.

Based on my results my model tells me I could build a roller coaster sinceI wouldn't lose any money at all. Nevertheless I dont think building a roller coaster would

be the rights decision to take due to two reasons. My park should be more balanced in

terms of having more months in which I earned more money than having months lost. I

believe the right decision to do is to wait for a balanced economy in order to build the roller

coaster since I would be able to gain more money than to rather lose.