Discuss the Digital Revolution.
What will be an ideal response?
The Digital Revolution was the conversion from mechanical and analog devices to digital devices. This shift to digital devices meant monumental changes for companies, individuals, and the society as a whole. The problem was, people couldn't really understand how, or even why, this shift was going to affect them. Much like people today, they based their future projections on past events. They knew factories, bureaucracies, mass production, and operational efficiency. But this knowledge didn't prepare them for the changes that were coming.
The Digital Revolution didn't just mean that new "digital" equipment was replacing old mechanical, or analog, equipment. These new digital devices could now be connected to other digital devices and share data among themselves. They could also work faster as processor speed increased.
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Carrington, Inc recorded $97,000 in salary expense for January, 2015 . Its beginning balance in salaries payable was $3,000 and its ending balance was $4,000 . How much was paid in cash for salaries during January, 2015?
a. $96,000 b. $97,000 c. $98,000 d. $99,000
Walter Lippmann described the "triangular relationship" to depict the role of mass media in forming the "pictures in our heads." Which one of the following best summarizes his view of mass media impact?
A. Children are sitting targets for the three big sources of influence—television, tools, and temptation. B. As a high-involvement medium, television produces a "see–learn–feel–do" sequence. C. Most of us experience events, things, people, and places directly, thereby minimizing the effects of mass media. D. Responses based on our perceptions of the scene of the action have little consequence because they are just that, perceptions. E. Responses based on our perceptions of the scene of the action have impact on the original scene of the action.
Which of the following does not represent an asset of a company?
A. Amounts owed to suppliers. B. Equipment owned and used for operations. C. Supplies held by the company. D. Land owned by the company.
When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000
Indicate whether the statement is true or false