Bass Accounting Services expects its accountants to work a total of 28,000 direct labor hours per year. The company's estimated total indirect costs are $336,000. The company uses direct labor hours as the allocation base for indirect costs. What is the indirect cost allocation rate?

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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.