A Grant Seeker Is Considering a Project That Involves Providing

question 33

Multiple Choice

A grant seeker is considering a project that involves providing more low-calorie, fiber-rich foods to low-income families. What potential grant sponsor would be most appropriate for seeking funding?

• A)a sporting goods manufacturer
• B)a pharmaceutical company
• C) a local school district
• D) ​a supermarket chain

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Definitions:

Capital Lease

A capital lease is a lease in which the lessee records the leased asset as if it has been purchased, creating both an asset and a liability on the balance sheet.

Economic Life

The estimated period over which an asset is expected to be economically usable, both for its original purpose or for other purposes.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.

Lease Term

The fixed, non-cancellable period of time for which a lease is agreed upon between the lessee and the lessor.