Tables!
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 $15,000 on the purchase date and the balance in six 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? 2. Stone needs to accumulate sufficient funds to pay a $450,000 debt that comes due on December 31,2029 . The company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31,2024 . 3. On January 1, 2024. Stone leased an office building. Terms of the lease require Stone to make 20 annual lease payments of $125.000 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. FV of \$1. PV of \$1, EVA of \$1, PVA of \$1, EVAD of \$1 and PVAD, of $1) Complete this question by entering your answers in the tabs below. On Jne 30, 2024, the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay s15,000 an the purchase date and the balance in six annual instaliments 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? Note: Round your final answers to nearest whole dollar amount. 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 $15,000 on the purchase date and the balance in six 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? 2. Stone needs to accumulate sufficient funds to pay a $450,000 debt that comes due on December 31 , 2029. The company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31.2024. 3. On January 1, 2024, Stone leased an office building. Terms of the lease require Stone to make 20 annual lease payments of $125.000 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 loase payments are made? Note: For all requirements, Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA. of \$1, PVA of $1, FVAD of $1 and PVAD of $1 ) Complete this question by entering your answers in the tabs below. Stone needs to accumulate sufficient funds to pay a $450,000 debt that comes due on December 31, 2029. The company will accumulate the funds by making five equal annual deposis to an account paying 5% 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: 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 $15,000 on the purchase date and the balance in six 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? 2. Stone needs to accumulate sufficient funds to pay a 5450,000 debt that comes due on December 31,2029 , The company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annualy, Determine. the required annual deposit if the first deposit is made on December 31.2024. 3. On January 1, 2024. Stone leased an office building. Terms of the lease require Stone to make 20 annual lease payments of $125,000 beginning on January 1, 2024. A 12% interest rate is implicit in the lesse 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. FV of \$1, PV of \$1. EVA of S1, PVA of S1, EVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. On January 1, 2024, Stone leased an office bulding. Terms of the lease require Stone to make 20 annual lease payments of $125,000 beginning on January 1,2024 . A 12% interest rate is implict in the lease agreement. At what amount should Stone record the lease liablity on January 1,2024 , before any lease payments are made? Note: Round your final answers to nearest whole dollar amount. Talle 1 Fehare tales of 51 TaMe 3) Bare Yalue of al Orutisary Arneity of 43 Talle 4 Prenent Malue of an Ordiary Mntuity of 31 Table 5 Future Value of an Annuers Due of 31 Table 6 Prosent Valse of as Anmity Dee of 51
