Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. (FV of $1, PV of $1, EVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7 % interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018. 3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $121,000 beginning on January 1, 2018. An 11% interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made? 10 points eBook Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? (Round your final answers to nearest whole dollar amount.) Show less A Table values are based on: Cash Flow Amount Present Value instaliments Down Payment Ve f the enment Chapter 06 Saved Help Save& Exit Check m Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. (EV of $1. PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7 % interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018. 3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $121,000 beginning on January 1, 2018. An 11 % interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made? 10 points an interest rate of 11% properly reflects the time value of money in this situation, at what amount should Johnstone value eBook Print Complete this question by entering your answers in the tabs bel References Required 1 Required 2 Required 3 On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11 % properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? (Round your final answers to nearest whole dollar amount.) Show less A Table values are based on: Cash Flow Amount Present Value Chapter 06 Saved Help Save & Exit Submit Check my work 6 of $1, PV of $1, EVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7 % interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018. 3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $121,000 beginning on January 1, 2018. An 11 % interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made? 10 points eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7 % interest compounded annually Determine the required annual deposit if the first deposit is made on December 31, 2018. (Round your final answers to nearest whole dollar amount.) Show lessA Table or calculator function: Future Value: Annual deposit Required 1 Required 3 Next> Mc Graw Hill Prex 6 of 9 Clapter U8 1 Saved Help Save & Exit Submit 6 Check my work of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual Assuming that an interest rate of 11% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7 % interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018. 3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $121,000 beginning on January 1, 2018. An 11 % interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made? tallments of $9,000 on each June 30 beginning June 30, 2019. 1C points eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $12 amount should Johnstone record the lease liability on January 1, 2018, before any lease payments are made? (Round your final answers to nearest whole dollar amount.) 00 beginning on January 1, 2018. An 119% interest rate is implicit in the lease agreement. At what Show less A Table or calculator function: Payment n - Liability Required 2 Mc Prex 6 of 9 Next> Che of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11% properly reflects the the equipment? 2. Johnstone needs to accumulate sufficient funds to pay a $410,000 debt that comes due on December 31, 2023. The company will accumulate the funds by making five equal annual deposits to an account paying 7% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2018. 3. On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments of $121,000 beginning on January 1, 2018. An 11 % interest rate is implicit in the lease agreement. At what amount should Johnstone record the lease liability on January 1, 2018, before any lease payments 10 time value of money in this situation, at what amount should Johnstone value points eBook are made? Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $11,000 on the purchase date and the balance in five annual installments of $9,000 on each June 30 beginning June 30, 2019. Assuming that an interest rate of 11 % properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment? (Round your final answers to nearest whole dollar amount.) Show less A Table values are based on: n = Cash Flow Amount Present Value instaliments Down Payment Value of the equipment Reguired 2 >