Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of units sold 11,000
Selling price per unit $16
Variable selling expense per unit $1
Variable administrative expense per unit $1
Total fixed selling expense $22,000
Total fixed administrative expense $15,000
Beginning merchandise inventory $9,000
Ending merchandise inventory $26,000
Merchandise purchases $87,000
Required:
1. Prepare a traditional income statement.
2. Prepare a contribution format income statement.
Answers: 2
Business, 22.06.2019 14:30, mathhelppls14
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Business, 22.06.2019 19:00, xojade
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of un...
Number of un...
SAT, 10.09.2021 05:10
Advanced Placement (AP), 10.09.2021 05:10
Mathematics, 10.09.2021 05:10
Arts, 10.09.2021 05:10
Mathematics, 10.09.2021 05:10