View Policies Current Attempt in Progress Crane Industries had sales in 2021 of $5.440,000 and gross profit of $880,000. Managemerit is considering two alternative budget plans to increase its gross profit in 2022. Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 100,000 units from its 2021 level. Plan B would decrease the unit selling price by $0.50. The marketing department expects that the sales volume would increase by 104,000 units. At the end of 2021. Crane has 32.000 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 28,000 units. If Plan B is accepted, the ending inventory should be equal to 48,000 units. Each unit produced will cost $1.5 in direct labor, $1.3 in direct materials, and $1.2 in variable overhead. The fixed overhead for 2022 should be $1,516,000. (a) Prepare a sales budget for nder each plan. (Rour Unit selling price answers to 2 decimal places, eg. 52.70.) CRANE INDUSTRIES Sales Budget Plan A Plan B %24

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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.