Although the Hardware and Software Costs to Set Up a Database

question 115

True/False

Although the hardware and software costs to set up a database may seem expensive, long-term benefits exceed the initial costs.

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Definitions:

Beginning Inventory

The financial amount of goods up for sale at the start of an economic period.

Year 1

Often refers to the first year of operations for a business or the first year in a multi-year financial analysis.

Beginning Inventory

The value of inventory on hand at the start of an accounting period, used in calculating cost of goods sold.

Cost of Goods Sold

Direct financial expenditures related to the generation of a company’s saleable products, covering labor and materials.