Question 9 options: is subject to the banking regulations of its host country, but not those of its home country. will typically be able to extend larger loans than a foreign branch bank can. tends to offer fewer services than a representative office. is often simply a post office address in a foreign country. All of the above.'

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.