A.

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $780,000 in the common stock account and $6.35 million in the additional paid-in surplus account. The 2009 balance sheet showed $795,000 and $8.4 million in the same two accounts, respectively. If the company paid out $610,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?

B.

Use the following information to answer this question.

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales	$ 11,100
Less: Cost of goods sold	8,050
Less: Depreciation	430
Earnings before interest and taxes	$ 2,620
Less: Interest paid	104
Taxable Income	$ 2,516
Less: Taxes	881
Net income	$ 1,635

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010		2009	2010
Cash	$ 300	$ 330	Accounts payable	$ 1,870	$ 1,932
Accounts rec.	1,150	1,050	Long-term debt	1,090	1,373
Inventory	2,060	1,775	Common stock	$ 3,400	$ 3,050
Total	$ 3,510	$ 3,155	Retained earnings	670	920
Net fixed assets	3,520	4,120
Total assets	$ 7,030	$ 7,275	Total liab. & equity	$ 7,030	$ 7,275

What is the equity multiplier for 2010?

C.

What is the present value of $1,100 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now and the last payment is received 29 years from now?