Essay on Contemporary American Class Structure - 1328 Words

Contemporary American Class Structure Social class is defined as people having the same social or economic status (Wordnet). In contemporary American society, social class is based on the amount of money and property you have and also prestige. Prestige is given to a person through the line of work or the family that they come from. For example, upper-upper class member Jennifer Lopez reeks of prestige not only because she has millions of dollars in her bank account, but she has very expensive luxuries, cars, and houses. There are four categories of class in contemporary American society: upper, middle, working and lower. Of these four categories of classes, two are subdivide. These two are: upper class and the middle class.†¦show more content†¦Of this group, about 1/3rd belongs to the upper-middle class. The annual income of person belonging to this group is $70-$75,000. The jobs that the typical upper-middle class person holds would have a prestige rating of 65 or higher. 2/3rd?s of the middle-class population is the lower-middle class. White-collared individuals make up the majority of this class, earning anywhere from $30,000 to $60,000 a year. Lower-middle class Americans have a set standard of priorities. They take pride in the fact that they are financially stable, and promote hard work, and press on education. Without education, the members feel that they would not be where they are economically, and preach the importance to their children so that they, too, can live a life style very similar to that of theirs (Norton). Working class, mostly blue-collar, makes up 20% of the American population. The average annual income is from poverty level up to $45,000. Members of this group have little to no prestige. This is partially due to the fact that their income is solely income; they do not have investments. Education was not always highly preached, but sports for boys were and still are. It is seen as a form of ?moving up? for their sons (Norton). Among all the classes, education level, wealth, income and occupation decide which class a person belongs to (W.W. Norton, Co.). To obtain wealth, incomeShow MoreRelatedThe Nuclear Family910 Words   |  4 Pageswas highly valued in the American culture during the 1950s, where romantic love was the central reason for marriage in America; however, love in modern America is not enough to make a marriage last. Likewise, the 1950s was the time for many American marriages to undergo many socioeconomic changes including the rise of the gender minority in the workplace. Due to these developments, marriage is under enormous socioeconomic pressures have given the rise to family structures such as those headed byRead MoreIs it a Good Thing to have Class-Based Political Parties?1100 Words   |  5 PagesIs it a Good Thing to have Class-Based Political Parties? 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The Four Paradigms Of The Four Major Paradigms Of Psychology

Cultural-Contextual Literacy Assignment Zanyah Brown Sampson Community College Mrs. Arnette’s Psychology Class Fall 2017 Cultural-Contextual Literacy Assignment In this assignment, the four major paradigms of psychology are discussed. The reasoning behind the placement of the theories will be discussed thoroughly and efficiently. Each of the theories was placed on a spectrum that measured whether they were more influenced by heredity or environment. Some, as many can see, can fit into both sides of the spectrum. There are many factors that are involved in the process, and each are important variables in personality and the evolution of humanity. Four Paradigms of Psychology†¦show more content†¦Under the circumstances, there are still substantial ways that psycho-analytic theories play an important part of the nature perspective. It contains human’s emotional, developmental, defensive, and unconscious goals and processes. Social-Cognitive. Social cognitive theory was developed by Albert Bandura (1986, 2012) and other psychologists. Social cognitive theory traditionally focuses more on learning by observation and on the cognitive processes that underlie personalities (Rathus, 2015). Additionally, social cognitive theorists see people influencing their environment as much as it influences them (Rathus, 2015). They also affirm that â€Å"variables† within people are to be considered to understand them. These can include knowledge and skills, ways of interpreting experiences, and systems and plans (Bandura, 2012). This theory focuses mainly on variables and observational learning of human behavior. Furthermore, this theory was placed third on the spectrum because of its relevance to both nature, and nurture perspectives. Behavioral. Behaviorism is the scientific approach to psychology that is distinguished by logical-theoretical emphasis as is seeks to develop reasons for behavior (Moore, 2013). 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Accounting Essay 7 Free Essays

At the end of 2011, retained earnings for the Bisk Company was $1,750. Revenue earned by the company in 2011 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2011 was [pic] |[pic] |$850. We will write a custom essay sample on Accounting Essay 7 or any similar topic only for you Order Now | |[pic][pic] |$1,350. | |[pic] |$4,000. | |[pic] |$2,150. | GAAP† stands for [pic] [pic] |Generally Authorized Auditing Principles | |[pic] |Government Authorized Accounting Procedures | |[pic] |Generally Applied Accounting Procedures | |[pic][pic] |Generally Accepted Accounting Principles | The total equity of Timberlake Company at the beginning of 2011 amounted to $3,500. During 2011 the company reported net income of $1,800 and paid a $500 dividend. If retained earnings at the end of 2011 is $2,200, what was beginning contributed capital? [pic] |[pic] |$2,100 | |[pic] |$3,100 | |[pic] |$400 | |[pic][pic] |$2,600 | Which of the following could represent the effects of an asset source transaction on a company’s financial statements? |[pic] | [pic] |[pic] |[pic] | |[pic] |[pic] | |[pic][pic] |[pic] | |[pic] |[pic] | The Mason Company is a manufacturer of fine home furnishings. Which term best describes Mason’s role in society? [pic] |[pic] |Regulatory Agency | |[pic][pic] |Conversion Agent | |[pic] |Consumer | |[pic] |Resource Owner | Which of the following could describe the effects of an asset exchange transaction on a company’s financial statements? [pic] | [pic] |[pic] |[pic] | |[pic] |[pic] | |[pic][pic] |[pic] | |[pic] |[pic] | Which of the following groups has the primary responsibility for establishing generally accepted accounting principles for business entities in the United States? pic] |[pic] |U. S. Congress. | |[pic] |Internal Revenue Service. | |[pic][pic] |Financial Accounting Standards Board. | |[pic] |International Accounting Standards Board. | During 2011, Childress Company earned $800 of cash revenue, paid $400 of cash expenses, and paid a $200 cash dividend to its owners. Based on this information alone, [pic] |[pic] |net income amounted to $400. | |[pic] |total assets increased by $200. | |[pic][pic] |cash inflow from op erating activities was $400. | |[pic] |all of these are correct. Dividends paid by a company are shown on the [pic] |[pic] |income statement. | |[pic][pic] |statement of changes in stockholders’ equity. | |[pic] |statement of cash flows. | |[pic] |both b and c. | Asset use transactions always involve the payment of cash. [pic] |[pic][pic] |True | |[pic] |False | The Sarbanes-Oxley Act includes several significant reforms that affect the auditing profession, but it did not reduce an audit firm’s ability to provide non-audit services to its audit clients. [pic] |[pic] |True | [pic][pic] |False | Which of the following is not a common feature of ethical misconduct? [pic] |[pic] |The capacity to rationalize. | |[pic] |The presence of an opportunity. | |[pic] |The existence of pressure leading to an incentive. | |[pic][pic] |The existence of a strong system of internal controls. | After closing, only balance sheet accounts have non-zero balances. [pic] |[pic][pic] |True | | [pic] |False | After closing, only balance sheet accounts have non-zero balances. [pic] |[pic][pic] |True | [pic] |False | Policies and procedures designed to reduce the opportunities for fraud are often called: [pic] |[pic][pic] |internal controls | |[pic] |accounting principles | |[pic] |asset source transactions | |[pic] |financial systems | Aaronson Company experienced an accounting event that affected its financial statements as indicated below:   [pic] Which of the following accounting events could have caused these effects on ABC’s statements? [pic] |[pic] |Recognized accrued salaries owed to employees. | |[pic][pic] |Earned revenue on account. | |[pic] |Issued common stock. | |[pic] |Purchased equipment on account. | The ethical standards for certified public accountants simply require that such accountants comply with applicable laws and regulations. [pic] [pic] |True | |[pic][pic] |False | Which of the following is not a component of the fraud triangle? [pic] |[pic] |Rationalization | |[pic] |Pressure | |[pic] |Opportunity | |[pic][pic] |Trust | The purpose of the accrual basis of accounting is to: [pic] |[pic] |Improve the company’s earnings per share. | |[pic][pic] |Report revenue when received. | |[pic] |Improve the matching of revenue and expense in the proper period. | |[pic] |Report expenses when cash disbursements are made. | A liability account normally has a debit balance. [pic] |[pic] |True | |[pic][pic] |False | The financial statement ratio that may be of greatest interest to a company’s stockholders is the amount of its return on equity. pic] |[pic][pic] |True | |[pic] |False | A high value of the debt to asset ratio may indicate that a company has a high level of debt risk. [pic] |[pic][pic] |True | |[pic] |False | Which of the following errors would cause the debit side of a trial balance to be larger than the credit side? [pic] |[pic] |Revenue earned on account was recorded with a debit to Cash and a credit to Revenue. | |[pic] |Purchase of supplies on account was recorded with a credit to Suppl ies and a debit to Accounts Payable. |[pic][pic] |Land purchased with cash was recorded with a debit to the Land account and a credit to Accounts Payable. | |[pic] |None of these. | The Armstrong Corporation recorded a business event using T-accounts as follows:   [pic] Which of the following reflects how this event affects the company’s financial statements? |[pic] | [pic] [pic][pic] |[pic] | |[pic] |[pic] | |[pic] |[pic] | |[pic] |[pic] | When a company receives cash in advance from a customer, it should debit Cash and credit Accounts Receivable. [pic] |[pic] |True | |[pic][pic] |False | The left side of a T-account is known as the: [pic] [pic] |Claims side | |[pic][pic] |Debit side | |[pic] |Credit side | |[pic] |Equity side | Debits decrease asset accounts. [pic] |[pic] |True | |[pic][pic] |False | Double entry accounting requires that every entry must include at least one debit and at least one credit. pic] |[pic][pic] |True | |[pic] |False | KMR Company provided repai r service of $2,800 to a customer who paid $1,300 and promised to pay the remainder next month. Which of the following journal entries correctly records this transaction? [pic] |[pic] |[pic] | |[pic][pic] |[pic] | |[pic] |[pic] | |[pic] |[pic] | How to cite Accounting Essay 7, Essays

The Mandrake Monologue Essay Example For Students

The Mandrake Monologue Essay A monologue from the play by Niccolo Machiavelli NOTE: This monologue is reprinted with the author\s permission. All inquiries should be directed to the author at: [emailprotected] TIMOTEO: I\m the arbiter of justice. The voice of God. Ordained on this earth, placed here by our Lord Jesus Christ himself, to decide what is good and what is evil. I know what goes on out there. I hear it every day. You don\t know. You\ve never seen the real thing. You have nothing to compare. No point of reference. You look at this thing we\ve asked you to do, and you think: oh, that\s evil. Somebody dies. Murder. Bad. But I look, and you know what I see? Do you want to guess? Good. I see: good. Because I\m looking at the big picture. The outcome. The end result. I\m not caught up in the minutiae. I can see what\s really at stake. I mean, we\re talking about a child. A living, breathing human being that will depend on you for everything. For life. For understanding. It will be your God-given responsibility to lead this child in the path of righteousness. To make him a soldier for God almighty. What a gift you can give Him! The Holy Father! From your own body! Can you think of anything more miraculous? And if someone has to die to bring about this miracle, so be it. People have died before. It\s not the first time. There are plenty of sinners clogging the streets. Drug dealers. Pedophiles. Rapists. We\ll find someone who won\t be missed. Someone who deserves to go. A degenerate. We\re making the world a better place. Cleaning it up. Washing away the stain of one sinner and replacing it with goodness and light. An innocent soul. A child of Christ. Yours to shape and mold. What do you say? Is there anything evil in that?