Andre works for a company that promotes an entrepreneurial culture. employees are encouraged to discuss new ideas. development time is provided on the job for those ideas that float to the top. employees who use their creative talents to generate ideas and create products within large companies are called

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.