21- Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding. 23- Gas and oil bills paid, P1, 800. 25 Paid P15, 000 for repairs of automobiles.

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A: Joint product and by-product are part of cost accounting. Raw materials are purchased or produced…

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A: The tactical decision is taken by the company by choosing certain options from specific goals of the…

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A:

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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.