Rogue Industries Reported the Following Items for the Current Year

question 66

Multiple Choice

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 gross profit is equal to

• A) $770,000.
• B) $1,070,000.
• C) $1,100,000.
• D) $1,500,000.

---

Definitions:

Seasonal Allergies

Allergic reactions to airborne substances such as pollen, that occur during specific seasons causing symptoms like sneezing and congestion.

Viral Illness

Illnesses caused by viruses, which are microscopic infectious agents that can lead to a wide range of diseases, from the common cold to more severe illnesses.

Carbohydrate-containing Liquids

Liquids that include sugars or substances that can be broken down into sugars, providing energy to the body.

Adsorbents

Materials that bind molecules from a gas or liquid onto their surface.