On January 25, Coot Company has $380,000 deposited with a local bank. On January 27, the company writes and mails checks of $33,000 and $73,00 to suppliers. At the end of the month, Coot's financial manager deposits a $58,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $33,000 payment of the 27th has cleared the bank. What is the company's available balance with its bank? Available balance

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 t…