Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies
textbooks to college and university bookstores. The books are shipped with a proviso
that they must be paid for within 30 days but can be returned for a full refund
credit within 90 days. In 2009, Thomas shipped and billed book titles totaling
$760,000. Collections, net of return credits, during the year totaled $690,000. The
company spent $300,000 acquiring the books that it shipped.
a. Using accrual accounting and the preceding values, show the firm’s net profit for
the past year.
b. Using cash accounting and the preceding values, show the firm’s net cash flow
for the past year.
c. Which of these statements is more useful to the financial manager? Why?

US immigrants remit billions of dollars annually to their ancestral homelands. Is this good or

       bad for the US economy? How so?

Brefily explain the financial market of US and Canada? What are the main differences between financial market of US and Canada?

Do you think that the US should retaliate against the Chinese manipulation of its currency by manipulating the US dollar?

If inflation is high in Europe relative to the US, what effect will it have on the value of the US dollar as compared to the Euro? Why?

Globalization is supposed to provide diversification benefits that domestic sectors in US can not. Find three examples where foreign events led to major set-backs in US stock markets and Discuss why those events affected the US markets. Please give examples and data and figures to support your answer.

Depression: What are the symptoms of depression? What are the treatment options for someone with depression? How common is major depression in the US?

Anxiety: How is anxiety defined What are the treatment options? How common is anxiety in the US?

Autism: What are the symptoms of autism? Are there any reliable treatment options? How common is autism in the US?