4. Big Tech Company has outstanding accounts receivable totaling $10 million as of December 31 and sales on credit during the year of $24 million. There is also a credit balance of $120,000 in the allowance for doubtful accounts. After aging its receivables, the company estimates that 5% of its total outstanding receivables will be uncollectible. What will be the amount of bad debt expense recognized for the year?

Group of answer choices

a) $500,000

b) $575,000

c) $512,000

d) $380,000

Jones Corporation enters into a contract with Warner Video to add their programs to Jones' network. Warner will pay Jones an upfront fixed fee of $300,000 for 12 months of access, and will also pay a $100,000 bonus if Jones' users access Warner Video for at least 10,000 hours during the 12-month period. Jones estimates that it has a 75% chance of earning the $100,000 bonus.

13. Refer to Jones Corporation. Using the expected-value approach the transaction price would be ______ __.

a) $300,000

b) $400,000

c) $375,000

d) $350,000

14. Refer to Jones Corporation. Using the most-likely-amount approach, the transaction price would be ______ __.

Group of answer choices

a) $350,000

b) $250,000

c) $330,000

d) $400,000

Use the following information to answer questions 13-14: Jones Corporation enters into a contract with Warner Video to add their programs to Jones' network. Warner will pay Jones an upfront fixed fee of $300,000 for 12 months of access, and will also pay a $100,000 bonus if Jones' users access Warner Video for at least 10,000 hours during the 12 -month period. Jones estimates that it has a 75% chance of earning the $100,000 bonus. Question 13 2.5pts Refer to Jones Corporation. Using the expected-value approach the transaction price would be a) $300,000 b) $400,000 c) $375,000 d) $350,000 Refer to Jones Corporation. Using the most-likely-amount approach, the transaction price would be a) $350,000 b) $250,000 c) $330,000 d) $400,000