Jann Wenner, founder of Rolling Stone magazine says that he makes decisions based on personal preferences and his own ideas about "what would be fun," rather than focusing on market research or financial reports. Wenner's information-processing style is predominantly
a. temporal
b. intuitive
c. balanced
d. thinking style
e. casual

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.