Rogue Industries Reported the Following Items for the Current Year

question 30

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 operating income is equal to

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

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Definitions:

Good Things

Positive aspects, events, or outcomes that contribute to well-being and happiness.

Optimist

An individual who tends to maintain a positive outlook and expects good outcomes even in the face of adversity.

Pessimist

An individual who tends to see the worst aspect of things or believe that the worst will happen; a negative outlook on life.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, characterized by low motivation and depression.