Chuck drives past the same gas station every day. he realizes that the gas station always changes its prices on tuesdays but keeps the price steady the rest of the week. on saturday, chuck turns on the news and hears a report projecting that the price of gasoline is going to increase. holding all else constant, what do you think would happen to chuck's demand for gasoline on monday

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.