Author Question: The first step in identifying all the relationships that should be included in a model is to ... (Read 53 times)

lidoalex · **on:** Jul 5, 2018

The first step in identifying all the relationships that should be included in a model is to identify users' existing and desired information.
Indicate whether the statement is true or false

Question 2

Herman Appliance buys and sells refrigerators. Herman starts the year with an inventory of 20,000 . During the year, Herman buys refrigerators totaling 182,000 .

At year-end, Herman takes inventory and finds that he has 28,000 of refrigerators on hand. During the year, Herman's sales revenue was 256,000 . What was Herman's gross profit on the sales for the year?
a. 54,000
b. 66,000
c. 74,000
d. 82,000