Cash balance per books, September 30 $5,300 Deposits in transit 510 Notes receivable with interest collected by bank 580 Bank service charges 70 Outstanding cheques 1,800 NSF cheque 150 The adjusted cash balance per books on September 30 is

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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.