Assignment 1: LASA 2: The Purpose and Effect of the American Dream For this assignment, draw on all of the work we have done together throughout this term.  First, choose either Crevecoeur’s Letter or Barack Obama’s November 7, 2007 speech (“Agenda to Reclaim the American Dream”). Describe their vision of life in America in terms of both its promise and its problems. Discuss their visions of America in terms of Adams’ definition of the American Dream.  Next, choose two of the other texts we have read in the previous modules. Evaluate how the ideas, arguments, and problems presented in these texts compare to those presented by Crevecoeur or Obama. For instance, you might want to choose a text that confirms Crevecoeur’s (or Obama’s) vision of America and another text that challenges or problematizes that vision.  Finally, assess the possibilities or impossibilities of achieving the American Dream as represented in these texts and the course generally. Has the progress of American life confirmed the possibility of the American Dream, or have the persistent challenges, divisions, and conflicts shown its impossibility? What progress has been realized and what still needs to be done?  Write a 5–6 page paper in Word format (not counting title and reference page). Include an APA formatted title page and reference page. Use the following file naming convention: LastnameFirstInitial_M5_A1.doc. By Monday, February 8, 2016, deliver your assignment to the M5: Assignment 1 Dropbox.  All written assignments and responses should follow APA rules for attributing sources.  Assignment 1 Grading Criteria Maximum PointsDefine the concept of the American Dream presented by the chosen author.36Explain the potential problems that arise from the vision this author presents. 48Analyze the conceptions of the American Dream presented by two other authors and provide support for these claims using the appropriate texts.88Draw meaningful conclusions about the possibility of achieving the American Dream by comparing and contrasting the visions presented.40Describe how these visions still impact our conception of America today.24Organization (16 points): Introduction, Thesis, Transitions, and Conclusion Usage and Mechanics (16 points): Grammar, Spelling, and Sentence Structure APA Elements (24 points): Attribution, Paraphrasing, and Quotations Style (8 points): Audience, and Word Choice64Total:300

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ALL Questions Assignments:  Your paper must be submitted as a Microsoft Word .doc document. If you are using Microsoft 2007 software you must save (“save as”) your work in an earlier version of Word to ensure you turn in the .doc format. Try this early to make sure you are able to save your work as a .doc file. Questions? Use the “Help Desk Forum”. Week Four Case #2:  (Show ALL work) Cash flow exercise Joseph Pharmacy had sales of $25,000 in December and $30,000 in January. The company expects sales of $20,000 in February and $40,000 in both March and April, and $30,000 in May.  The company has no other source of cash inflows. Half of the sales are paid for with cash. Twenty-five percent are paid for in each of the two months following the sale. Joseph Pharmacy has the following expenses: (show all of your work)·                     Monthly rent of $1,500·                     Wages of $5,000 each month·                     Purchaseso        50% of next month’s saleso        Cash Outlay§     20% in month purchased§     80% in following month From the information provided: 1.      Calculate the projected Cash Receipts for the three months of February, March, and April (Tables have been set up for you) Sales forecastDecemberJanuaryFebruaryMarchAprilCash Sales      Collection of AR:Lagged 1 MonthLagged 2 Months         Other Cash Receipts     Total Cash Receipts       2.       Calculate the projected Cash Disbursements for the same months A Schedule of Projected Cash Disbursements for Joseph PharmacySalesDecember January February March April  Purchases(50% of last month’s sales)             Rent payments      Wages/Salaries      Total        Indicate what the total cash balance would be at the end of these three months if the cash balance at the beginning of February was $1,500.February Cash balance      Total Cash ReceiptsDecember  January February March April  Cash Disbursements       Balance      Balance from Feb – April      4.                  Define cash inflows and cash outflows5.                  If I have a budget where expected gross receipts are what is obtained in #1 and my expected cash disbursements are what is obtained in #2.  What can you tell me about the cash balance (obtained in #3) if you were doing a variance analysis?6.                  What is a cash budget, a flexible budget, CAPEX, and OPEX?7.                  How often do you use some form of budgeting?  Why? 8.                  If the business world is allowed to explain away their variances to budget, why is budgeting so important?

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