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18 April, 00:43

Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's operating income is equal to

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  1. 18 April, 02:03
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    Rogue's operating income is $770000

    Step-by-step explanation:

    Given data

    Sales = $3,000,000

    Cost of Goods Sold = $1,500,000

    Depreciation Expense = $170,000

    Administrative Expenses = $150,000

    Interest Expense = $30,000

    Marketing Expenses = $80,000

    Taxes = $300,000

    to find out

    operating income

    solution

    we find income by this formula that is given below

    income = Sale - Cost of Goods Sold - Depreciation Expense - Administrative Expenses - Interest Expense - Marketing Expenses - Taxes

    so put now all these value to get the income

    income = 3,000,000 - 1,500,000 - 170,000 - 150,000 - 30,000 - 80,000 - 300,000

    hence

    so Rogue's operating income is $770000
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