Shopeazy inc. operates a chain of supermarkets. the managers and employees of the company have been on strike for months due to their differences with its owners. as a result, the share price of the company has fallen to a historic low. zeltro investments decides to purchase a majority of shopeazy s shares, confident that it can manage the company better. in this scenario, zeltro investments can be best categorized as a(n)

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.