Discuss the concept of Enterprise Resource Planning (ERP). Please provide an example of ERP systems, specifically Supply Chain Management (SCM), and Customer Relationship Management (CRM). Evaluate the ways Enterprise systems can aid in developing strategy for capturing and sustaining competitive advantage. Please provide some examples and be sure to justify your response.

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.