Use the Following Information to Calculate the "Net Income Available

question 62

Multiple Choice

Use the following information to calculate the "net income available to ordinary shareholders": $\begin{array}{|l|r|}\hline \text { Net income } & 4,000,000 \\\hline \text { Dividends on cumulative preferred shares } & 40,000 \\\hline \text { Dividends on non-cumulative preferred shares } & 100,000 \\\hline \text { Dividends declared in 2013: } & \\\text { - Common shares } & 50,000 \\\text { - Cumulative preferred shares } & 80,000 \\\text { - Non-cumulative preferred shares } & 0 \\\hline \text { Dividends paid in 2013: } & \\\text { - Common shares } &30,000 \\\text { - Cumulative preferred shares } & 50,000 \\\text { - Non-cumulative preferred shares } &0\\\hline\end{array}$

• A)$3,860,000
• B)$3,870,000
• C)$3,950,000
• D)$3,960,000

Grasp why the period between 1870 and 1890 was named the "Gilded Age".

Recognize key criticisms against monopolies and big business practices, focusing on Rockefeller's Standard Oil.

Comprehend the main principles of Social Darwinism and its impact on society.

Identify the working conditions and economic challenges faced by semiskilled industrial workers.

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Definitions:

Price-searcher Firm

A company that has the ability to set the price for its products because it does not face perfect competition.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of product.

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit.

Marginal Cost

The rise in overall expenses resulting from the production of an additional unit.