How is nonprofit similar to for-profit business

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Reference no: EM131813034

1. How is a nonprofit similar to a for-profit business? How do they differ?

2. Your firm purchases goods from its supplier on terms of 2.8/10, net 40.

a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40?

b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 50?

Reference no: EM131813034

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