3 points Revenue - Expenses = Profit: Carlisle Concession Stand decide to buy the
following items to make their famous Booster Burger. 2 Burgers - $10.00
for 10, 2 pieces of Cheese - $3.04 for 16 pieces, a bun for $1.80 for 12, and
"special sauce" at $2.40 for 20 servings. Look at the following ingredients
to find the expense. They plan to sell the Booster Burger for $3.50. What is
the profit for this burger? Mark your answer by $x. xx*
Your answer

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.