Which of the following refers to a type of technology that has led to an evolution in retailing by collecting sales data and is hooked directly into the store's inventory-control system?
a. perpetual inventory unit control system
b. experiential shopper
c. wheel-of-retailing hypothesis
d. point-of-sale (pos) system
e. automatic reordering system

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.