An employee can utilise a buy requisition form, which is an internal form, to make purchases for their company.
What is mean by purchase of merchandise?The supply of different items that a corporation creates with an eye toward later commercialization is the topic of the accounting transaction known as the purchase of merchandise.An employee can utilise a buy requisition form, which is an internal form, to make purchases for their company. These purchases might be for inventories, production inputs, or business operations (such office supplies).Both the purchases account and the accounts payable account are engaged in a transaction when goods are bought on credit. There is a debit to the purchases account and a credit to the payables account.To learn more about purchase refer to:
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in which market is government most likely to intervene to prevent a market failure? market for college education
To address market failure, governments might employ a variety of tools. These include taxes to internalize externalities, the provision of public goods to address the issue of free ridership.
Public awareness and regulation to lessen the issues brought on by imperfect information flows. In order to enhance overall economic justice, governments may also intervene in markets. One of the most prevalent and widely recognized justifications for government involvement is to maximize social welfare.
Monopolies can be dismantled, for instance, and harmful externalities like pollution can be controlled. Correcting market failure issues related to public goods, external costs and benefits, and imperfect competition is one of the functions of the government. It is always possible for government intervention to lower deadweight losses by bringing markets closer to efficient solutions.
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Correct Question:
In what market is government most likely to intervene to prevent a market failure?
Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does. (True/False)
Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does - True.
Agency law refers to the legal relationship between an "agent" and a "principal." In an agency relationship, the agent acts on behalf of the principal and has the authority to bind the principal in contractual relationships with third parties. The principal is responsible for the actions of the agent taken within the scope of the agency relationship.
Agency law governs the rights and duties of both the agent and the principal, and sets the rules for the creation, operation, and termination of the agency relationship.
Agency relationships can exist in various contexts, including employment, business, real estate, and entertainment, among others.
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in what ways can the design of a firm’s supply chain network affect its ability to create value for customers through efficiency, effectiveness, and differentiation?
When making a decision, a business must select a design that will yield the best results. By following the crucial processes in network design, coordination with the overall company plan is ensured in supply chain.
When choosing a design, a corporation must take the best results into account. When the essential phases in network design are performed, coordination with the entire business plan is ensured. An optimised supply network results in lower costs and higher production, which highlight the significance of supply chain management. To reduce costs and keep up with competition, businesses improve their supply chains. Define the logistics/supply chain network design process, conduct a logistics/supply chain audit, consider several choices for the logistics/supply chain network, assess the facility's location, select the network and facility location, and develop an implementation plan.
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a marketer created an ad for a beachfront property with an infinity pool. the ad needs to be shown to people searching for this type of property for their next vacation getaway. which type of audience should the marketer select?
Option 4 is Correct. An advertisement was made by a marketer for a beachfront home with an infinity pool. The marketer should choose an audience with a Custom intent.
People looking for this kind of property for their upcoming getaway must see the advertisement. A marketer is a person who advertises the goods and services of a company. They identify the tactics that can increase sales and revenue while making sure that these tactics are in line with both customer and market need.
You may want to think about a marketing position if you are interested in business vocations. To persuade customers to buy a company's goods or services, marketing specialists utilize advertising, persuasion, and brand awareness.
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Correct Question:
A marketer created an ad for a beachfront property with an infinity pool. The ad needs to be shown to people searching for this type of property for their next vacation getaway. Which type of audience should the marketer select?
1. Custom affinity
2. Activity-based
3. Target
4. Custom intent
you are the project manager at diallonics, a large consulting firm. for ease of scheduling and organization purposes, it is important to ensure that all major goals, deadlines, and key dates are identified within the project schedule. which document outlines the actual dates for project milestones? answers a. schedule network diagram b. project schedule c. work performance data d. variance analysis
Project schedule document outlines the actual dates for project milestones.
What is Project schedule ?A project schedule outlines the tasks that must be completed, the resources that must be used, and the project's due date. It's a timeline that specifies the beginning and ending times as well as the milestones that must be attained for the project to be finished on schedule.The process of determining how the modification would affect the project is known as the impact assessment stage. The systematic capture of all the necessary information should be possible with the aid of a change request template. To enable the sponsor and stakeholders to make an educated choice is the goal.Determining levels of involvement and developing a communication strategy for each stakeholder group are equally crucial. Motivate participants to take initiative.To learn more about Project schedule refer to:
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which of the following statements is true? group of answer choices luxury goods tend to have more elastic demand curves. goods that are necessities tend to have more elastic demand curves. the elasticity of demand for a particular brand of product equals the elasticity of demand for the product category. goods with more substitutes tend to have a lower elasticity of demand.
From the given statements, the correct statement is that the luxury goods tend to have more elastic demand curves. Thus, option A is correct.
A luxury good implies that an increase in income results in a greater percentage rise in demand. It denotes that the income elasticity of demand exceeds one. The demand curve depicts the connection between the price of a commodity or activity and the quantity demanded over a specific time period.
A common depiction will show the price on the left vertical axis and the amount requested on the horizontal axis. The demand curve for luxury goods slopes upward rather than downward. It is because fancy items are prestige signals. The demand curves for luxury items are more elastic.
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Which of the following is a core aspect of marketing?
Answer: product, price, place, and promotion
Explanation:
an international firm, entering a country's market early, may achieve a significant payback if that country:
An international firm, entering a country's market early, may achieve a significant payback if that country achieves sustained high economic growth rates.
In business and In marketing strategy, first-mover advantage generally can be defined as the competitive advantage gained by the initial significant occupant of a market segment. First mover also can be defined as a service or product that gains a competitive advantage by being the first to market with a product or service. In the business, first mover has an advantages to the firm, such as increased brand recognition , customer loyalty and increased sales that often accompany a business that is the first to enter the marketplace with a new product.
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the internal revenue service is organized under the
The Internal Revenue Service is part of the United States Department of the Treasury. It is in charge of collecting taxes, processing tax returns, collecting overdue taxes, and enforcing the US tax code.
The Internal Revenue Service is the U.S. government agency responsible for collecting taxes and enforcing the country’s tax rules.
The IRS is organized under the Department of the Treasury of the United States.
It is responsible for collecting taxes, processing of tax returns, collection of delinquent taxes, and enforcement of the US tax code.
The IRS is headed by the Commissioner of Internal Revenue, who is appointed by the President of the United States and is accountable to Congress.
The IRS also works with other government agencies, including the Department of Justice, to ensure compliance with U.S. tax laws. It also provides guidance and assistance to taxpayers to help them understand their rights and obligations under the tax code.
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FILL IN THE BLANK. the more accurate method of closing out the balance in manufacturing overhead is ______.
The more accurate method of closing out the balance in manufacturing overhead is allocating it among work in progress, finished goods and COGS- Cost of goods sold.
All manufacturing expenses that cannot be linked to a single job are included in manufacturing overhead. It is typical to have excess or underapplied manufacturing overhead at the end of the fiscal year because it is impossible to estimate how much will be used during the year. Financial statements must be balanced in order to account for this sum. Closing it out to cost of goods sold is the most typical accounting approach for underapplied manufacturing overhead. This shows that the actual cost of making the sold goods was more than expected. Cost of products sold is credited in order to balance the books because the manufacturing overhead account is in a minus position. The cost of manufacturing should therefore equal zero.
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define and differentiate between gross income and agi. name several types of tax-exempt income. what is passive income?
Adjusted gross income (AGI) is defined as gross income less adjustments to income. Your gross income is comprised of your salary, capital gains, retirement benefits, and all other sources of income.
What are capital gains?If you sell an asset for more than its adjusted basis, you'll realise a capital gain. If the asset is sold for less than its adjusted basis, you will incur a capital loss. Tax deductions are not available for losses incurred from selling personal property like your home or car.
What types of gross income are there?The sum of money earned by an individual before taxes and other deductions is referred to as their gross income. Your earnings could come in a variety of forms, such as wages, tips, bonuses, hourly pay, rental income,
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you are an expatriate working in a foreign country. you have been asked to offer a cash payment gift to the procurement manager at a company with whom you are bidding on work. before you proceed further with the request what question should you ask first? answers a. are you willing to accept responsibility for your decision to proceed with the request? b. does your decision to proceed with the request align with the pmi code of ethics and professional conduct? c. does your decision to proceed with the request abide by the law? d. will your decision to proceed with the request seem like a good idea a year from now?
The correct question to ask first is does your decision to proceed with the request abide by the law.
It is important to always prioritize compliance with the law, particularly when conducting business in a foreign country. Before proceeding with any request to offer a cash payment as a gift, it is essential to ensure that it is not in violation of any local or national laws. Breaking the law can result in serious consequences, including fines, imprisonment, and harm to your reputation.
Additionally, it is important to consider whether the payment would be considered illegal under anti-corruption laws, such as the Foreign Corrupt Practices Act in the United States. By ensuring that your actions abide by the law, you can minimize the risk of negative consequences for yourself and your organization.
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Which of the following is a major difference between the linear and transactional models of communication?
Question 5 options:
a. The transactional model is a simplified form of the linear model.
b. The linear model is a better representation of the complexity of human communication than the transactional model.
c. Both models have messages, channels, environments, and noise, but the transactional model includes encoding and decoding.
d. The transactional model more accurately shows that people are communicating all of the time, that all participants are communicators and accounts for feedback and nonverbal communication.
The linear model is a better representation of the complexity of human communication than the transactional model. Both models have messages, channels, environments, and noise, but the transactional model includes encoding and decoding. In this case option B is correct.
Learning how to convey information clearly is the main focus of a communications degree.
Your communications degree will increase your awareness of the best ways to effectively communicate information to various audiences with specific business goals in mind.
ISCOM, a French institution that offers a variety of English-taught communications programs, helps students get ready for a variety of careers in communication.
Located in the heart of Paris, ISCOM collaborates with a network of business partners and expert lecturers to help students develop their skills in a range of communication-related fields, including digital communications, advertising and marketing, politics, companies, and brands.
To provide meaning and resonance, strong communication skills are essential.
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bus103 what is connectedness
Connectedness is a concept in Business 103 that refers to the interconnectedness and interdependence of various elements within a business or economic system. It highlights the relationships and dependencies between different parts of a business, such as departments, customers, suppliers, and stakeholders.
The idea of connectedness is important in Business 103 because it helps students understand how changes in one part of a business can impact other parts of the business, and the wider economic system. For example, a change in a company's supply chain, such as a delay in delivery from a supplier, can have a ripple effect on other aspects of the business, such as production and customer satisfaction.
Connectedness also highlights the importance of collaboration and communication between different parts of a business. By recognizing and understanding the connections and dependencies between different parts of a business, companies can work together to make decisions that benefit the entire organization and not just one individual department.
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The point where the consumption schedule intersects the 45-degree line ?A)the MPC equals 1. B)saving is zero. C)the APC is zero. D)saving equals income.
The point at which the consumption curve intersects the 45-degree line is the break-even point which to the point where the income=consumption or savings= 0.
Institutional units use up goods or services through the activity of consuming, which can be either final or intermediate. It is the utilisation of products and services to fulfil personal or societal needs and desires.
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
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Demand is perfectly elastic when the absolute value of the own price elasticity of demand is:
A. zero. B. one. C. infinite. D. unknown.
Perfectly Elastic Demand is a concept in economics that refers to the relationship between the quantity of a good demanded and its price. When demand is perfectly elastic, the smallest change in price leads to an infinite change in the quantity demanded. In other words, the demand curve is a horizontal line, indicating that the quantity demanded is completely insensitive to changes in price.
The own price elasticity of demand measures the responsiveness of demand to changes in the good's own price. When the absolute value of the own price elasticity of demand is infinite, demand is perfectly elastic. This means that consumers will buy an infinite amount of the good at a certain price, and will buy zero units if the price were to increase by even the slightest amount.
Perfectly Elastic Demand is a theoretical concept and does not occur in reality. However, it serves as a benchmark for comparing the responsiveness of demand for different goods. The closer the absolute value of the own price elasticity of demand is to infinity, the more elastic the demand is and the more responsive consumers are to changes in price.
In summary, Perfectly Elastic Demand occurs when the absolute value of the own price elasticity of demand is infinite. This means that demand is completely insensitive to changes in price and consumers will buy an infinite amount of the good at a certain price.
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as your income increases, what do you think will happen to your demand curve for folgers coffee?
As income increases, the demand curve for Folgers coffee is likely to shift rightwards.
This is because as a person's income rises, they have more disposable income to spend on luxury items, such as more expensive brands of coffee.
Additionally, as income increases, individuals are also able to afford to purchase more of a good, causing the demand curve to shift.
It's important to note that this relationship between income and demand is not absolute, as there are other factors such as personal preference and availability of substitute goods that can affect demand for a product.
Furthermore, the magnitude of the shift in the demand curve will depend on the degree to which the increase in income affects the consumer's willingness and ability to buy Folgers coffee.
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On January 1, 2019, Crane Corporation acquired machinery at a cost of $1650000. Crane adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Crane should record as depreciation expense for 2022 is
So, Crane Corporation should record $328,295 as the depreciation expense for 2022.
the amount of depreciation expense for 2022 under the double-declining balance method
Ee need to first calculate the remaining book value of the machinery at the beginning of 2022.
Since the straight-line method of depreciation was used for the first three years (2019-2021), we can calculate the annual depreciation expense as follows:
$1650000 / 10 years = $165000 per year
So the accumulated depreciation at the end of 2021 would be:
$165000 * 3 years = $495,000
The remaining book value of the machinery at the beginning of 2022 would be:
$1650000 - $495,000 = $1,155,000
Next, we need to calculate the depreciation rate under the double-declining balance method.
The depreciation rate is usually expressed as a percentage of the remaining book value and is determined by the formula:
Depreciation rate = 2 / Estimated useful life (in years)
Using this formula, the depreciation rate for the remaining seven years would be:
Depreciation rate = 2 / 7 = 0.2857 or 28.57%
Finally, we can calculate the amount of depreciation expense for 2022 by applying the depreciation rate to the remaining book value of the machinery:
Depreciation expense for 2022
= 28.57% * $1,155,000
= $328,295.
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fill in the blank. an advantage of partnerships is a longer_____ rate than sole proprietorships, because they become more disciplined and the business's life is based on all the partners.
partnerships is a longer survival rate than sole proprietorships, because they become more disciplined and the business's life is based on all the partners
In a partnership, the parties—often referred to as business partners—agree to collaborate in order to further their shared goals. A partnership can have as its partners people, businesses, interest-based organisations, schools, governments, or any combination of these. Interorganizational cooperation can boost each organization's influence and chances of success in achieving its objectives. A partnership may only be governed by a written agreement or it may issue and hold shares.Throughout the Middle Ages, partnerships—which have a long history—were widely used in Europe and the Middle East. According to a 2006 article, Prato and Florence-based businessman Francesco di Marco Datini founded the first partnership in 1383. The Covoni Company (1336-1401) and Del Buono-Bencivenni Company (1336-1401) have also.
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a good with no close substitutes is predicted to have relatively demand, since consumers cannot easily switch to a substitute good if the price of the good were to increase.
Due to the difficulty of switching to a substitute product in the event that the price of the primary good increases, a good without any near substitutes is likely to have very Relatively inelastic. Consumer responsiveness to price changes is gauged by the price elasticity of demand.
Demand is likely to be somewhat INELASTIC when there are no close substitutes for a good because consumers find it difficult to switch to a substitute if the price of the original good rises. A demand that is elastic changes significantly in response to a price change in the quantity desired. Inelastic demand is defined as a small change in quantity required as a result of a price modification.
Items made of elastic are usually required when there are no adequate alternatives. The three most often purchased goods with inelastic demand are utilities, prescription drugs, and tobacco products. Companies that sell these products can be more flexible with pricing because demand stays constant despite price changes. When a price change causes a large movement in the amount desired, this is referred to as having an elastic demand. An inelastic demand is one where a price change only slightly alters the quantity demanded. The equation to determine demand elasticity is [tex]\frac{Q_1-Q_2}{Q_1+Q_2}[/tex] .
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%.
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what is the monthly share of monica's annual expenses?A. $102 B. $132 C. $150 D. $1225
Answer:i believe its 102
Explanation:
you have just finished prioritizing project risks based on the probability of occurrence and impact to the project. which action should you do next? answers a. perform a brainstorming session b. perform a qualitative analysis c. perform a quantitative analysis d. perform a reserve analysis
Since you have just finished prioritizing project risks based on the probability of occurrence and impact to the project. The action that you do next is option c. perform a quantitative analysis.
What is the prioritizing about?After prioritizing project risks based on their probability of occurrence and impact, the next step is to perform a quantitative analysis. This type of analysis uses mathematical and statistical methods to further evaluate and quantify the risks. The objective of a quantitative analysis is to provide more accurate and precise information about the risks, which can be used to make informed decisions and develop effective risk mitigation strategies.
In conclusion, a quantitative analysis is an essential step in the risk management process, as it provides a more detailed and accurate assessment of the risks facing a project. The results of the analysis can be used to develop effective risk mitigation strategies and to make informed decisions that help to ensure the success of the project.
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which of these will promote a strong culture of ethics at sybil?
These will promote a strong culture of ethics at sybil is a code of ethics.
What is code of ethics?A code of ethics is a collection of guiding principles designed to teach professionals how to operate in a way that is truthful and advantageous to all parties concerned. A set of broad rules or ideals is often what makes up a code of ethics or professional code of ethics. A code of conduct policy is often more detailed and provides instructions on how to react in certain circumstances. An example of a code of conduct rule would be one that specifically forbids taking or giving bribes.
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your organization uses a projectized structure to perform project work. one of their programs consists of three projects each with their own project manager. the program manager has been monitoring the progress of the three projects and notices that the one of the projects is behind schedule. after analyzing the situation, the program manager has submitted a change request to have a resource named alice moved to this project from one of the other projects. this should help bring this project back on schedule. as a result of this change, what should be updated? answers a. the team charter for the affected projects b. the resource breakdown structures for affected projects c. the requirements documentation for the affected projects d. the resource management plan for the affected projects
Because of this modification the split of resources for the impacted projects.
What are projectized organization structures?
In a projectized organisation structure, the project manager is placed at the top of the hierarchy and is given complete authority over all project-related decisions. The team members immediately answer to him or her, and the project is the focus of all tasks. Project managers in the projectized organisational structure are not restricted to duties like decision-making and resource usage, in contrast to the usual functional organisation. The goal of the aforementioned organisational structure depends on establishing one in external domains. A projectized organisational structure is typically made up of departments like accounting, human resources, and administration, all of which work as support systems for the project management process.
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Question 1 of 10
When should a payment to a supplier be made after an order is placed?
A. as soon as the invoice is received
OB. as soon as the order is received
C. It depends on the items ordered.
D. It depends on the purchase terms.
SUBMIT
The payment to a supplier after an order is placed D. depends on the purchase terms.
What are purchase terms ?Purchase terms, which are frequently discussed at the beginning of a business partnership, take the shape of a contract between the buyer and the seller. A Master Agreement that a large buyer uses for all of its vendors is a highly popular way for them to convey their purchasing terms.
This means that a payment to a supplier will only be made by the customer, based on the purchase terms that they have agreed to with the supplier.
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consumer reports gave a report about the life (hours) of size aa batteries in toys. a total of 16 random toys were tested which gave a mean life of 3.58 hours
the average life of size AA batteries in toys is 3.58 hours, with a standard deviation of 0.47 hour The study was based on testing 16 random toys.
Consumer Reports conducted a study on the life of size AA batteries in toys .A total of 16 toys were randomly selected for the testing .The average life of the batteries in the toys was found to be 3.58 hours. The standard deviation of the battery life was determined to be 0.47 hours. This indicates that the life of size AA batteries in toys can vary, with some lasting longer and others shorter than the average. The study provides useful information for consumers looking to purchase toys powered by AA batteries. Knowing the average battery life can help consumers make informed decisions about the cost and frequency of battery replacements. The results of the study can also help manufacturers improve the battery life of their toys. The study by Consumer Reports is based on empirical data and provides valuable insights into the performance of size AA batteries in toys .The report highlights the importance of battery life in toys and the need for continued research and development in this area.
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marginal functions are those a. that, if not performed, the job would cease to exist. b. that are secondary to the function of the job. c. that are performed outside the margins, or boundaries of the place of employment. d. that are used to focus recruitment and selection efforts.
Marginal functions are those d. that are used to focus recruitment and selection efforts.
What are marginal functions?
The term "marginal functions" refers to work responsibilities or tasks that are viewed as incidental or not essential to the position's primary objective. By highlighting the essential duties and competencies necessary for the position, these functions are utilised to concentrate recruiting and selection efforts. They are not deemed necessary for the work to exist, but they may nevertheless have an impact on how well the task is done overall. In order to concentrate on the essential duties and talents needed for a position, marginal functions are employed in the recruiting and selection process. They aid in the precise definition of the job specifications and guarantee that the best candidates are given consideration for the post. The uses of marginal functions include the following:
1. Job analysis: Marginal functions are used to pinpoint the primary duties and responsibilities of a position as well as the qualifications and background needed to carry them out successfully.
2. Recruitment: Employers frequently highlight the position's ancillary duties in job advertisements in an effort to draw in skilled candidates.
3. Selection: Employers may analyse a candidate's qualifications and experience during the interview process by posing questions about marginal functions.
4. Performance Evaluation: Marginal tasks may be used to gauge a worker's overall effectiveness, as well as their capacity to carry out both the primary duties and ancillary duties of the position.
The correct individual is hired for the position, and the job criteria are clearly specified, thanks in large part to the work of marginal functions.
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marginal functions are those a. that, if not performed, the job would cease to exist. b. that are secondary to the function of the job. c. that are performed outside the margins, or boundaries of the place of employment. d. that are used to focus recruitment and selection efforts.
tire valet case is there a growing need for this service? what conditions in the economy would support the growth of this service
Growth in both the workforce's size and productivity are generally understood. Either one can grow the economy overall, but only substantial productivity growth can raise per capita GDP and income.
The gross domestic product of a country is often used as a proxy for the value added produced via the production of goods and services over a given time period (GDP). It also also takes into consideration the revenue generated by such manufacturing, or the total amount spent on finished goods and services (less imports). Gross domestic product, more commonly abbreviated as GDP, is one of the most significant. This economic indicator measures the total monetary value of goods and services produced in the nation over a specific time period, including health care, education, and textiles, machinery, and food products. 2% to 3% is the best range for GDP growth. How robust the economy is can be determined by GDP growth.
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What conditions in the economy would support growth of this service?
manufacturing costs for davenport company during 2018 were as follows: beginning finished goods, january 1 $ 24,100 beginning raw materials, january 1 35,500 beginning work in process, january 1 110,300 direct labor for the current year 275,300 ending finished goods, december 31 22,400 ending raw materials, december 31 40,250 ending work in process, december 31 120,600 material purchases for the current year (including $15,000 of indirect material) 304,200 required: compute direct material used.
To compute the direct material used, we need to find the difference between the beginning raw materials and the ending raw materials and then add the cost of the material purchases for the current year:
Direct Material Used = (Beginning Raw Materials - Ending Raw Materials) + Material Purchases
Direct Material Used = (35,500 - 40,250) + 304,200
Direct Material Used = $299,450 So, the direct material used by Davenport Company during 2018 was $398,450.
What is direct material?
Direct material refers to the raw materials or components that are directly used in the production of a finished product. Direct materials are a key cost component of manufactured goods and are typically traced directly to the finished product for cost accounting purposes. Examples of direct materials include raw materials such as steel, plastic, and wood for a manufacturer of furniture; ingredients for a food manufacturer; or components for an electronics manufacturer. Direct material costs are an important factor in determining the cost of goods sold and, therefore, the overall profitability of a business.
Hence, the answer is $398,450.
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Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
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The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =