Planet of the Crepes, Inc. is preparing its master budget for its first month of business. It expects to sell 2,000 crepes at $3 per crepes per month. It expects t sale and 20% in the following month. Calculate the amount of budgeted sales revenue for its first month. collect 80% of the sales in the month of the

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.