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Walkane Juices is planning to launch a line of flavored beverages. It encourages consumers to take a "$1,000,000 Taste Challenge." According to the challenge, every consumer who is able to identify the flavor with just a sip of the beverage has a chance to win a holiday. In this scenario, Walkane Juices is an underdog which is trying to:
Bargain Purchase Option
A lease option that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.
Minimum Lease Payments
The lowest amount that a lessee is obligated to pay over the lease term for the right to use an asset, including principal and interest.
Executory Costs
Expenses associated with the ongoing execution of agreements or contracts, such as maintenance and insurance costs in leasing agreements.
Guarantee
A promise or assurance, typically in writing, that certain conditions will be fulfilled, often related to the quality, durability, or performance of a product.
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