Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. $ 25,430 Dividends $ 6,080 22,450 27,080 Cash Accounts receivable Office supplies Office equipment Land Consulting revenue Rent expense 5,340 9,640 20,100 Salaries expense 5,680 970 44,080 Telephone expense 10,480 Miscellaneous expenses 102,800 590 Accounts payable Common stock Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint: Net income for December is $10,200. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 $ 0

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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.