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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To determine whether Art for Kids should take the discount offered by the vendor we need to compare ... View the full answer