Momentum automobiles, an automobile manufacturer, hires dreams inc. to cater to its advertising needs. momentum is only required to provide the necessary finances and does not take part in any decision making. in the given scenario, momentum automobiles would be classified as a(n) (points : 5)

1. client.
2. illustrator.
3. full-service agency.
4. advertising agency.
5. media organization

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.