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Stone Company is facing several decisions regarding investing and financing activities Address each decision independently 1. On June 30, 2024, the Stone Company purchased
Stone Company is facing several decisions regarding investing and financing activities Address each decision independently 1. On June 30, 2024, the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay $19,000 on the purchase date and the balance in five annual Installments of $7,000 on each June 30 beginning June 30, 2025 Assuming that an interest rate of 12% property reflects the time value of money in this station, at what amount should Stone value the equipment? 2. Stone needs to accumulate sufficient funds to pay a $490,000 debt that comes due on December 31, 2029 The company wil accumulate the funds by making five equal annual deposits to an account paying 6% interest compounded annualy Determine the required annual deposit if the first depout is made on December 31, 2024 3. On January 1, 2024, Stone leased an office butding Terms of the lease require Stone to make 20 annual lease payments of $129,000 beginning on January 1, 2024 A 12% interest rate is implicit in the lease agreement. At what amount should Stone record the lease aborty on January 1, 2024, before any lease payments are made? Note: For all requirements, Use tables, Excel, or a financial calculator Vorst Vor $1 EVA of St PVA of $1 EVAD of $1 and PVAD Complete this question by entering your answers in the tabs below. Reque On June 30, 2024, the Stone Company purchased equipment from Paper Corporation. Stane agreed to pay $19,000 on the purchase date and the balance in five annual installments of $7,000 on each June 30 beginning June 30, 2025. Assuming that an interest rate of 12% properly reflects the time value of money in this situation, at what amount should stone value the equipment? hotel Round your finial answers to nearest whole dollar amount Tine sales are based on Cash Flow Down Payment Value of the no A Present Value 2> 3. On January 1, 2024, Stone leased an office building. Terms of the lease require Stone to make 20 annual lease payments of $129,000 beginning on January 1, 2024. A 12% Interest rate is implicit in the lease agreement. At what amount should Stone record the lease liability on January 1, 2024, before any lease payments are made? Note: For all requirements, Use tables, Excel, or a financial calculator. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of 51 and PVAD of $1) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Stone needs to accumulate sufficient funds to pay a $490,000 debt that comes due on December 31, 2029. The company will accumulate the funds by making five equal annual deposits to an account paying 6% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2024. Note: Round your final answers to nearest whole dollar amount.. Show less a Table, Excel, or calculator function Future Value Annual deposit n => Table, Excel, or calculator function Next
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