Question

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

Answer 1

Answer:

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