Explain the two widely-used encoding schemes, ASCII and EBCDIC
What will be an ideal response?
Two widely used encoding schemes are ASCII (American Standard Code for Information Interchange) and EBCDIC (Extended Binary Coded Decimal Interchange Code). EBCDIC was created by IBM for use with its large-scale mainframe computers and is based on an eight-bit byte. ASCII is the more common encoding scheme and has been used much more extensively, especially by terminals and microcomputers. ASCII has two versions, Standard ASCII, based on a seven-bit byte, and Extended ASCII, based on an eight-bit byte. Of the two, Extended ASCII is used more often. In EBCDIC or Extended ASCII, a byte has eight bits. Both EBCDIC and Extended ASCII are capable of encoding, or defining, up to 256 different characters using these eight bits. The limit is 256 because there is a maximum of 256 different ways that eight 0s and 1s can be put together. Two possible ways are 00000000 and 11111111.
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Chancellor Company purchased merchandize worth $900 on credit, terms n/30 and returned merchandize worth $100 on next day. What is the required journal entry to record the merchandize returns under the periodic inventory system?
a. Accounts Payable 100 Purchases Returns and Allowances 100 b. Accounts Payable 100 Merchandize Inventory 100 c. Merchandize Inventory 100 Purchases Returns and Allowances 100 d. Purchases Returns and Allowances 100 Merchandize Inventory 100
For tax purposes, small businesses may expense the first $250,000 of equipment expenditures, rather than having to allocate their costs over a number of years
Indicate whether the statement is true or false
Which is a true statement about frames?
A. highlight some aspects of reality B. frames often compete against one another C. should tie into the values of the organization D. all of these
Taylor was disciplined for sending a personal email using a company computer. When he reviewed the employee handbook, he could find no mention of this being an infraction. When he brought this up with his manager, he was told that he “should have known better.” The discipline of Taylor appears to violate the __________ rule for effective discipline.
A. clearly communicate the standards and code of conduct to all employees B. be sure that the punishment fits the crime C. document discipline D. discipline in private E. monitoring