Mcclelland corporation agreed to purchase some landscaping equipment from agri-products for a cash price of $500,000. before accepting delivery of the equipment, mcclelland learned that the same equipment could be purchased from another dealer for $460,000. to avoid losing the sale, agri-products has offered mcclelland a "no interest" payment plan—mcclelland would pay $100,000 at delivery, $200,000 one year later, and the final $200,000 in two years.
required:
1. mcclelland would usually pay 9% annual interest on a loan of this type. what is the
present value of the agri-products loan at the delivery date?
2. what journal entry would mcclelland make if it accepts the deal and buys from
agri-products?
3. what should mcclelland do?

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).