Adjusting entries are prepared for

Market share measures a firm's external performance relative to that of its competitors. Which of the following represents how a firm measures market share?

A. Multiplying the firm's sales by the industries total sales B. Dividing the firm's sales by the total market sales for the entire industry C. Subtracting your competitors sales from your total sales D. Subtracting the industries total sales from the firm's total sales

Which of the following is a function that the Consumer Product Safety Commission is empowered to execute?

A) collecting data regarding injuries caused by consumer products B) regulating the distribution of genetically modified food products C) recalling drugs that have been found to be harmful from the market D) accepting petitions from consumers on wrongly labeled food products