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Art for Kids is a nonprofit organization that provides artistic activities to kids on weekends. It is buying supplies in bulk and has recently switched
Art for Kids is a nonprofit organization that provides artistic activities to kids on weekends. It is buying supplies in bulk and has recently switched vendors. The first purchase it made was for 1,500 supply bags (including colors, paper, paintings, markers, etc.) at $6.25 a bag. The purchase had payment terms of 2/15 N/30. The organization earns 4 percent annually on its cash. Should it take the discount or not? Why?
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