Question 3: Sheffer

The Sheffer Company’s statement of cash flows for 2012 showed the following calculation of

the cash flow from operating activities:

Collections from customers $ 2,245

Payments to suppliers (1,375)

Payments to employees ( 688)

Payments to the IRS (for income tax) ( 72)

Cash flow from operating activities $ 110

The company’s balance sheet at the beginning and end of 2012 showed the following:

Beginning End

of year of year

Accounts payable $ 92 $ 103

Accounts receivable 218 262

Accumulated depreciation 93 122

Income tax payable 142 180

Merchandise inventory 141 189

Plant and equipment (at cost) 338 371

Wages payable 36 37

A note to the financial statements showed that the company bought plant and equipment during

the year for $33.

Required:

a. Prepare an income statement for the Sheffer Company for 2012.

b. Did the Sheffer Company use the direct or the indirect method in preparing its statement of

cash flows?

c. Recently, the FASB has decided to eliminate goodwill amortization. Suppose certain

goodwill was recognized in 2012, and consider the financial statements for a subsequent

year, say 2017, under the assumption there is no impairment. Will the proposed change

result in an increase or a decrease to the Retained Earnings account? Explain.

1.  Drawing upon Instructor Insights, the Scenario, and your text, discuss at least two distinctive features (positive or negative) of each major region of the country (North, South, and West) in this period.  Analyze the extent to which you see any of these developments or features continuing into the present day, economically or culturally.

Assignment 1.1: Industrialization After the Civil War Thesis and Outline

After the Civil War, the United States became a much more industrialized society. Between 1865 and 1920, industrialization improved American life in many ways. However, industrialization also created problems forAmerican society. Consider events that took place after the Civil War and discuss ways that industrialization affected the U.S. between 1865 and 1920.

For the first part of this assignment you will createa thesis statement. A thesis statement is usually a single sentence somewhere in your first paragraph that presents your main idea to the reader. The body of the essay organizes the material you gather andpresent in support of your main idea. Keep in mind that a thesis is an interpretation of a question or subject, not the subject itself. (Note: Please consult Stanford University’s Website with tips on how to construct a proper thesis; the websitecan be found at: http://www.stanford.edu/~steener/handouts/thesis.htm

For the next part of this assignment you will create an outline of the main points you want to address in this paper. This outline will serve as the basis for your Assignment 1.2 Final Draft. (Note: Please use the Purdue Owl Website to assist you with this assignment;this website can be accessed at: https://owl.english.purdue.edu/engagement/2/2/55/

Part 1:
1. Write a thesis statement that is one to two (1-2) sentences long in which you:

1. State you opinion on how industrialization after the Civil War influenced U.S. society, economy, and politics. Justify your response.

Part 2:
2. Write a one to two (1-2) page outline in which you:

1. Determine three (3) major aspects of industrialization during 1865 and 1920 that influenced U.S. society, economy, and politics. (Consider issues such as geography, entrepreneurship, legislative representation, etc.)

1. List five (5) specific groups that were affected by industrialization. Provide two (2) examples for each group describing how the group was affected. (Consider issues such as race, ethnicity, gender, child labor, etc.)
2. List five (5) ways that industrialization affected the life of the average working American during this period.
3. Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Identifyand discuss the different ways that the Civil War, Reconstruction, and Industrialization after the Civil War have shaped America’s history.
• Summarize and discuss the ways that formal policies of government have influenced the direction of historical and social development in the United States.
• Recognize the major turning points in American history since the Civil War.
• Use technology and information resources to research issues in contemporary U.S. history.
• Write clearly and concisely about contemporary U.S. history using proper writing mechanics.

Discuss at least three ways the Progressive Movement had an impact on American culture and American laws (including the Constitution).

1. Before completing this discussion, review Chapters 6 and 7 of your text, the “Piaget’s Enduring Contribution to Developmental Psychology,” “On Major Developments in Preschoolers’ Imagination,” “Lev Semyonovich Vygotsky (1896-1934),” and “Jean Piaget (1896-1980)” articles, as well as the Piaget’s Concrete Operational Stage Revisited video. After examining the research in human development, choose and complete one of the following options:

   Option A: Piaget’s theory on cognitive development has contributed a unique perspective to our understanding of how children think, reason, and solve problems. Examine and identify the main tenets of Piaget’s theory of cognitive development (i.e., schema, assimilation, and accommodation) describing them in your own words.  
   Examine the cognitive factors Piaget presents in relation to human development. Briefly identify and describe his stages of cognitive development by illustrating the cognitive tasks that infants, children, or young adults are capable (or not capable) of performing.  

   Alternatively, instead of describing the stages, you may create a chart in which the abilities that define cognitive development in Piaget’s theory are plotted against the age at which they are acquired. Identify at least one aspect of Piaget’s theory that has been criticized and mention the evidence upon which this criticism is based.

   Option B: Vygotsky’s theory of cognitive development has contributed a unique perspective to our understanding of how children think, reason, and solve problems. Examine and identify the main tenets of Vygotsky’s theory of cognitive development (i.e., zone of proximal development, scaffolding, relationship between language and thought) describing them in your own words. In addition, you will need to examine the cognitive factors Piaget presents in relation to human development. Briefly identify and discuss Vygotsky’s view of cognitive development by illustrating the cognitive tasks that infants, children, or young adults are capable (or not capable) of performing.  Identify at least one aspect of Vygotsky’s theory that has been criticized, and mention the evidence upon which this criticism is based.

   Your initial post must be at least 300 words and use a minimum of one scholarly source located in the Ashford University Library or on Google Scholar that is cited and referenced according to APA style, as outlined in the Ashford Writing Center.

2. Information Processing Across the Lifespan

   Before completing this discussion, be sure to review Chapters 6 and 7 of your text, the article “On Major Developments in Preschoolers’ Imagination,” and the Remembering and Forgetting video. After examining the research in human development presented in your required resources, complete the following discussion:

   Information processing in the human mind/brain changes as we age. Identify and examine an aspect of the cognitive factor of human development. Choose an ability (i.e., memory, attention, or thinking) and describe how the selected ability changes from infancy to old age. Describe at least one disorder that may affect the selected ability and its typical time of occurrence across the lifespan. Explain the known causes of the disorder by citing the available scientific evidence.

   Your initial post must be at least 300 words and use a minimum of one scholarly source located in the Ashford University Library or on Google Scholar that is cited and referenced according to APA style, as outlined in the Ashford Writing Center.