The journal entry for recording the unexpired discount is: Dr Bills discounted Cr Interest and discount Dr Interest and discount Cr Rebate on bills discounted Cr Interest and discount Dr Rebate on bills discounted. Dr Interest and discount Cr Bills discounted

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A: The present value is the present worth of the amount that will be paid or received in the future.

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A:

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A:

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A: Return on Investment (ROI)=Net Operating IncomeAverage Operating Assets×100

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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.