When sports 360, a sports bar in new york, saw yet another sports bar open up across the street it knew that it would have to lower its price again to stay in business. the city already had too many sports bars and sports 360 intended on being one of those left after the inevitable shake out. the best pricing strategy for sports 360 will be:

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.