The sales and cost data for two companies in the transportation industry are as follows:

X Company Y Company
Amount Percent Amount Percent
Sales $120,000 100 $120,000 100
Variable costs 72,000 60 36,000 30
Contribution Margin 48,000 40 84,000 70
Fixed Costs 36,000 72,000
Operating Income 12,000 12,000
X Company's margin of safety ratio (MOS%) (rounded) is

7.69%.
14.29%.
23.62%.
47.50%.
25.00%.

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Boxes of honey nut oatmeal are produced to contain 16.0 ounces, with a standard deviation of 0.20 ounce. for a sample size of 49, the 3-sigma -x chart control limits areupper control limit (ucl-x) = ounceslower control limit =(lcl=max