A company sometimes defines a total market as its target market.
Answer the following statement true (T) or false (F)
True
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Exhibit 20-5 The Baltimore, Inc entered into a five-year lease with the Waugh Chapel Company on January 1, 2016. Baltimore, the lessor, will require that five equal annual payments of $25,000 be made at the beginning of each year. The first payment will be made on January 1, 2016. The lease contains a bargain purchase option price of $12,000, which the lessee may exercise on December 31, 2020
The lessee pays all executory costs. The cost of the leased property and its normal selling price are $95,000 and $118,236, respectively. Collectibility of the future lease payments is reasonably assured, and the lessor does not expect to incur any future costs related to the lease. Present value factors for a 7% Present value of $1 for n = 1 0.934579 Present value of $1 for n = 5 0.712986 Present value of an ordinary annuity for n = 5 4.100197 Present value of an annuity due for n = 5 4.387211 ? Refer to Exhibit 20-5. If Baltimore requires a 7% annual return, how should the lease be classified? A) operating lease B) direct financing lease C) sales-type lease D) leveraged lease
Which of the following refers to the hundreds of millions of global consumers who now have a level of purchasing power that allows them to afford high-quality products offered by multinational companies?
A) reference group B) social class C) mass-class D) green market E) microculture
In accounting, $1,000 is generally considered the dividing line between material and immaterial amounts
Indicate whether the statement is true or false
Which type of financial statement shows how every category of expense was allocated?
A. activities B. cash flows C. financial position D. functional expenses