The daily multivitamin is not considered a deductible medical expense.
The Internal Revenue Service (IRS) allows taxpayers to deduct medical expenses that exceed 7.5% of their adjusted gross income (AGI) on their income tax returns. Deductible medical expenses include a wide range of costs related to the diagnosis, cure, mitigation, treatment, or prevention of disease or illness.
Prescription eyeglasses, acupuncture, and filling a tooth cavity are all considered deductible medical expenses because they are directly related to the treatment of a medical condition. However, the daily multivitamin is not considered deductible because it is considered a general health item that is not specifically prescribed by a doctor for the treatment of a specific medical condition.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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7 Record the following details relating to a carpet. retailer for the month of Negreniber 10x7 and tuted a trial balance as at Bohta Motre mber 20x7. I starred in business with C15,000 in the Banic 3 Bought good on Credit from J Small € 270; I Bioon € 1.200, I Ravee Glo; R Charles €530. is Cash sales €610- 6 paul veru by cheque €175. paid 7 pail business rate by cheque € 130 4 fold goods on Credit to: I potts €85 17. paid Wayer by Cash €290. to kile returned goods to: J Small €18; R Charles 17. Bought good on Credit fom: R. Charles € 110, T Rae € 320; F Jack Elts. 20 Goods were returned to us by: J. Freld €6; I potts €14. 21 Bought van on Credit from Timkey Motors €4,950. 23 lele paid the following by cheque: I small; €272) + Brown £1,200, I have €500. 25 Bought and then van, plying by cheque illmecially €6,200. 26 Recierned a lon of €750 cash from 13. Bannel. 18 Recierred choques from I potts (7); J Field €42. 38 proprietor brings a further € 900⁰ in to the busineu by payment into the business bank account.
Here is the accounting entries for the carpet retailer for the month of November 2017:
The Accounting EntriesNov 1: Started business with €15,000 in the bank.
Nov 3: Bought goods on credit from J Small, F Brown, T Rae, and R Charles for €270, €1,200, €610, and €530, respectively.
Nov 5: Made cash sales for €610.
Nov 6: Paid rent by cheque for €175.
Nov 7: Paid business rates by cheque for €130.
Nov 11: Sold goods on credit to T Potts, J Field, and T Gray for €85, €48, and €1,640, respectively.
Nov 17: Paid wages by cash for €290.
Nov 18: Returned goods to J Small and R Charles for €18 and €27, respectively.
Nov 19: Bought goods on credit from R Charles, T Rae, and F Jack Elts for €110, €320, and €200, respectively.
Nov 20: Goods were returned to us by J Field and T Potts for €6 and €14, respectively.
Nov 21: Bought a van on credit from Timkey Motors for €4,950.
Nov 23: Paid the following by cheque: J Small, €272; F Brown, €1,200; and T Rae, €500.
Nov 25: Bought another van, paying by cheque immediately for €6,200.
Nov 26: Received a loan of €750 cash from J Banner.
Nov 27: Received cheques from T Potts and J Field for €7 and €42, respectively.
Nov 30: Proprietor brought a further €900 into the business by payment into the business bank account.
The trial balance as at 30 November 20X7 is as follows:
Debit | Credit
-------|--------
Bank | €21,820
Capital | €15,000
Goods for resale | €3,320
Accounts receivable | €2,141
Wages | €290
Rent | €175
Business rates | €130
Loan | €750
Vans | €11,150
Total | €39,405 | €39,405
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Before communicating a message to consumers, what must marketers as senders of that message do first? multiple choice decode the message. Identify a target audience. Deliver feedback. Eliminate noise
Before communicating a message to consumers, the marketers as senders of that message first Identify a target audience.
To effectively communicate a message, marketers must first identify their target audience, or the specific group of people they want to reach with their message. By understanding the characteristics, needs, and interests of their target audience, marketers can tailor their message in a way that resonates with that audience and effectively communicates the intended message. This helps eliminate "noise," or any factors that could interfere with the message being received and understood by the target audience. By decoding the message and delivering feedback, marketers can refine and improve their messaging strategy over time.
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just as with oil, coffee is traded as a commodity on exchange markets. More than 50 countries around the world produce coffee beans, the sum production of which is considered the of coffee. a. supply c. value b. demand d. index
Just as with oil, coffee is traded as a commodity on exchange markets. More than 50 countries around the world produce coffee beans, the sum production of supply is considered the of coffee. The correct option is 'A'.
Coffee production is considered the supply of coffee available in the market.
The sum production of coffee beans from the more than 50 countries around the world is considered the supply of coffee. Supply refers to the total amount of a specific good or service that is available for purchase at a given time. In the case of coffee, the supply is the total amount of coffee beans that are available for purchase on the exchange markets.
So, the correct option is: A. Supply
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types of shares in a business
Answer:
ordinary shares
non-voting shares
redeemable shares
preference shares
Explanation:
crazy what a quick go ogle search can do! :)
the practice of charging different prices to different buyers for goods of like grade and quality is referred to as
Price discrimination refers to a pricing strategy that charges consumers different prices for identical goods or services
Pricing clients differently for the same commodity or service according to what the vendor thinks they can convince the customer to accept is a sales strategy known as price discrimination.
When a business practices pure price discrimination, they impose the greatest price that any given customer would accept. The provider separates customers into groups based on specific criteria and assigns a different price to each group in more common types of price discrimination.
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"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then. a. $4.74 b. $0.72 c. $0.49 d. $1.34
The approximate average change per day since the lowest price , 48 days ago , is b . $ 0. 72 .
How to find the approximate average change ?The approximate average change can be found by the formula :
= Net change in the value / Number of days
The net change in the value is:
= Closing price the previous day - Lowest price
= 99 . 14 - 67 . 77
= $34. 37
The approximate average change is :
= 34. 37 / 48
= $ 0. 72
The rest of the question is:
Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122.86 64.77 ENM 3.45 99.14 4.74 If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.
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Answer:
B
Explanation:
edge 2023
What piece of legislation was the first to provide corporate whistleblower protections that penalize corporations and their management personnel for retaliation?
The first piece of legislation to provide corporate whistleblower protections and penalize corporations and their management personnel for retaliation is the Sarbanes-Oxley Act of 2002.
This act was enacted in response to corporate scandals such as Enron and WorldCom, with the aim of restoring public trust in financial reporting and corporate governance. Sarbanes-Oxley includes provisions that protect employees who report fraudulent activities or violations of securities laws within their organizations.
These protections prohibit retaliation against whistleblowers and provide legal remedies for those who experience retaliation. The act also established the Public Company Accounting Oversight Board (PCAOB) to oversee auditing standards and practices for public companies.
Overall, Sarbanes-Oxley played a significant role in promoting transparency and accountability within corporations.
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Which of the following qualities (Work Ethic, Integrity, Self Direction, Reliability, Commitment, and Self Representation) do you see Mr. Washington portraying here, and how is he portraying them? Hint: He portrays all of the qualities. Make sure you write about at least 3 out of the 6 above.
The qualities that Mr. Washington portrayed are :
Ethic Integrity Self Direction Reliability Commitment Self RepresentationWhat are the qualities that Mr. Washington?Mr. Washington can be described as a man of the people that always want the goodness of those around him.
He can be described as been polite with dignity, because he always protect his name from being spoilt.
He is a man of Integrity because , he always handle things of the government with all honesty, he has the quality of being honest and having strong moral principles.
Another quality is commitment because, he has the quality of being dedicated to the things of the public.
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True or False. Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done.
The answer is true, Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done is true.
In plain English, what is cooperation?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is.
What is cooperation, and what are examples?In order to obtain outcomes, or to help one another out in order to accomplish a shared objective, people must cooperate. When someone delivers you a brick and you put it down, that is an example of collaboration. Assistance that is given voluntarily by a person, group, etc.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many more fans wanting tickets. However, the A's did not sell all of the 56,000 seats. The A's removed or put tarps over roughly 20,000 seats in most of the third deck and the outfield stands. The A's management said that the reason was to create a more intimate feeling for the fans. What's another explanation? The A's removed or put tarps over roughly 20,000 seats to
Answer:
The other reason was to limit the number of special seats to charge a higher price for them.
Explanation:
Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
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which of the following statements are true about the economic basis of trade? multiple select question. efficient production of various goods requires different technologies or combinations of resources. the distribution of natural, human, and capital resources among nations is uneven. most countries have the same comparative advantage in producing goods. products are differentiated as to quality and other nonprice attributes.
The true statements about the economic basis of trade is that
B. the distribution of natural, human and capital resources and nations is unevenC. efficient production of goods requires different technologiesE. products are differentiated as to quality and other nonprice attributesWhat is an basis of trade?The term "basis trading" means trading of strategies built around the difference between the spot price of a commodity and the price of a futures contract for that same commodity. This difference is referred to as the basis.
If a trader expects this difference to grow, then, the trade they will initiate would be termed "long the basis" and conversely, a trader enters "short the basis" when they speculate that the difference will decrease.
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do you guys like Canada? or leaves in Canada and do you thin im a cut Canadian
Answer:
I love canada but I live in america :(
but hey we just got the Cheeto out so it's getting better here (*˘︶˘*).。*♡
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
what policy is a way the SEC protects investors
D. Short answer questions:
a. Compare the monopoly’s price and quantity with that of a
perfectly competitive firm’s. Which is better for the consumer?
b. How can government regulation of a monopoly increase the
allocative efficiency of the monopoly?
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Which group of people has the highest unemployment in South Africa.
Answer:
youth...I hope its helpful
what is 4+4x=8. What would x be???
The value of x that satisfies the equation 4+4x=8 is x = 1.
How to find the value xTo solve for x in the equation 4+4x=8, we need to isolate x on one side of the equation.
First, we can simplify the left side of the equation by combining the like terms:
4 + 4x = 8
4x = 8 - 4
4x = 4
Next, we can solve for x by dividing both sides of the equation by 4:
4x/4 = 4/4
x = 1
Therefore, the value of x that satisfies the equation 4+4x=8 is x = 1.
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Explain how apple corporation helped the world to get better by its contribution in different fields of life
Explanation:
Apple is one of the largest companies in the world, and has contributed positively to the world in different fields of life. It can be said that the company has the highest standards of environmental management that contributes to the reduction of impacts caused by the company to the environment, as well as to the preservation and investments in environmental programs.
It is also correct to say that the company has revolutionized the way people communicate, with the creation of its technological devices that provided greater interaction between people, greater speed with which communication is exercised, helping in business, in the way of living, to buy and interact with the world.
During the economic periods of ____ , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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a discouraged worker i.does not have a job and has not looked for one in the last month. ii.is available and willing to work. iii.must work at least 1 hour per week.
A discouraged worker is someone who: i. does not have a job and has not looked for one in the last month. ii. is available and willing to work. However, the requirement that they must work at least 1 hour per week is not accurate.
What is a discouraged worker?A discouraged worker is a worker who does not have a job and has not looked for one in the last month. Although the individual is available and willing to work, they must work at least 1 hour per week. The reason for the search may be a lack of job opportunities in their respective areas, a lack of skills that match the available positions, or an attitude of despair in which they believe that no work is available.
When the number of discouraged workers rises, it may indicate that there is something wrong with the economy, and the people are starting to lose hope for finding work. Therefore, creating more job opportunities is a solution to reducing the number of discouraged workers.
Discouraged workers are not actively searching for a job, but they would be willing to work if they believed there were suitable job opportunities available.
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Complete question:
A discouraged worker
i. does not have job and has not looked for one in the last month.
ii.is available as well as willing to work.
iii. must work atleast 1 hour per week.
Rik's preferences over chocolates (x₁) and ice creams (x₂) can be described by the utility function: U (x1, x2) = X1X2² If chocolates cost $1 each and ice cream costs $2 each and Rik has $10 to s
To solve this problem, we can use the following steps:Step 1: Write the budget constraint equation.The budget constraint equation is given by the equation: P₁X₁ + P₂X₂ = Mwhere,P₁ is the price of chocolatesP₂ is the price of ice creamsX₁ is the quantity of chocolatesX₂ is the quantity of ice creamsM is the total budget of Rik
In this case, we have:P₁ = $1P₂ = $2M = $10.The budget constraint equation becomes: $1X₁ + $2X₂ = $10
Step 2: Write the utility function.The utility function of Rik's preferences over chocolates (x₁) and ice creams (x₂) is given as: U (x₁, x₂) = X1X2²
Step 3: Solve for X₂ in the budget constraint equation.We can write the budget constraint equation as:X₂ = ($10 - $1X₁)/$2
X₂ = $5 - $0.5X₁
Step 4: Substitute the value of X₂ in the utility function to obtain U (X₁).We substitute the value of X₂ obtained in step 3 in the utility function to obtain U (X₁) as:U (X₁) = X₁X₂²
U (X₁) = X₁($5 - $0.5X₁)²
U (X₁) = 25X₁² - 25X₁ + 6.25
Step 5: Maximize U (X₁) using the first derivative method.To maximize U (X₁), we differentiate it with respect to X₁ and equate it to zero.
We get:dU/dX₁ = 50X₁ - 25 = 0
Solving for X₁, we get:X₁ = 0.5
Substituting this value of X₁ in the budget constraint equation, we get:X₂ = ($10 - $1(0.5))/$2
X₂ = $4.75/$2
X₂ = 2.375
Therefore, the optimal bundle of chocolates and ice creams that Rik should buy is 0.5 chocolates and 2.375 ice creams. The maximum utility that Rik can get is U (0.5, 2.375) = 0.5(2.375)² = $2.82.
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Settees Inc. manufactures furniture. They reported the following data for the year: Beginning work in process: $20,000
Ending work in process: $30,000
Beginning finished goods inventory $150,000
Ending finished goods inventory $90,000
Direct materials used $300,000
Indirect material used $30,000
Direct labor $400,000
Indirect labor $50,000
Administrative and selling expenses $150,000
Manufacturing overhead $180,000
1. What was the Cost of Goods manufactured for Settees? 2. What was the Cost of Goods Sold for Settees?
Settees Inc.'s Cost of Goods Manufactured (COGM), which represents the total cost of producing the goods throughout the year, is $870,000. The cost of the goods sold to customers throughout the year is represented by the COGS, which is $930,000.
1. To calculate the Cost of Goods Manufactured (COGM), we need to consider the direct materials, direct labor, manufacturing overhead, and any changes in work in process inventory.
The formula for COGM is:
COGM = Beginning Work in Process + Direct Materials Used + Direct Labor + Manufacturing Overhead - Ending Work in Process
Plugging in the given values, we can calculate the COGM:
COGM = $20,000 + $300,000 + $400,000 + $180,000 - $30,000
COGM = $870,000
Therefore, the Cost of Goods Manufactured for Settees Inc. is $870,000.
2. To calculate the Cost of Goods Sold (COGS), we need to consider the beginning and ending finished goods inventory.
The formula for COGS is:
COGS = Beginning Finished Goods Inventory + COGM - Ending Finished Goods Inventory
Plugging in the given values, we can calculate the COGS:
COGS = $150,000 + $870,000 - $90,000
COGS = $930,000
Therefore, the Cost of Goods Sold for Settees Inc. is $930,000.
In conclusion, the Cost of Goods Manufactured (COGM) for Settees Inc. is $870,000, representing the total cost of producing the goods during the year. The Cost of Goods Sold (COGS) is $930,000, representing the cost of the goods sold to customers during the year.
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Where is market equilibrium located
on a supply and demand curve?
A. at the origin of supply and demand
B. at the intersection of supply and demand
C. at the highest points of supply and demand
Answer:
B. at the intersection of supply and demand
Explanation:
Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.
In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.
A chartered bank offers a rate of 7.00% on investments of
$25,000 to $59,999 and a rate of 7.25% on investments of $60,000 to
$99,999 in 90- to 365-day GICs.
How much more will an investor earn from
An investor will earn $2,600 more by investing $60,000 rather than $25,000 in a 90- to 365-day GIC at the given rates.
To calculate how much more an investor will earn from investing $60,000 rather than $25,000 in a 90- to 365-day GIC (Guaranteed Investment Certificate) with the given rates, we need to find the difference in interest earned between the two investment amounts.
Let's calculate the interest earned for each investment amount:
For $25,000 at a rate of 7.00%:
Interest earned = $25,000 * (7.00/100) = $1,750
For $60,000 at a rate of 7.25%:
Interest earned = $60,000 * (7.25/100) = $4,350
Now, let's find the difference in interest earned:
Difference = $4,350 - $1,750 = $2,600
Therefore, an investor will earn $2,600 more by investing $60,000 rather than $25,000 in a 90- to 365-day GIC at the given rates.
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