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 ______ __.

Group of answer choices

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 ______ __.

Group of answer choices

a) $350,000

b) $250,000

c) $330,000

d) $400,000