Wm. Wrigley Jr. Company bought Life Savers and Altoids from Kraft. Thus, Wrigley Question 18 options: has become a conglomerate since Life Savers and Altoids are unrelated businesses is abandoning its traditional dominant-business strategy is integrating vertically probably plans to restructure these companies and sell them off g

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.