Ling Is in the Business of Connecting Homeless with Free

question 310

Multiple Choice

Ling is in the business of connecting homeless with free shelters, and she funds her business through charitable donations and by placing ads in the shelters. She takes a small salary but reinvests whatever is left to grow the operation. Ling's business is a

• A) business firm.
• B) subchapter S corporation.
• C) charitable service agency.
• D) cooperative.
• E) nonprofit organization.

Analyze and compare different savings and payment options to make informed financial decisions.

Calculate the cost required today to fund future financial obligations or desired financial goals.

Understand and calculate the value of perpetuities and growing perpetuities in financial management.

Apply discount rates to evaluate and compare different cash flow streams.

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