Which of the following statements is true with regard to activity-based costing rates? Group of answer choices The premise of ABC is that activities are what cause costs to be incurred. ABC is another way to refer to a multiple departmental rate situation. There one basic stage to ABC. ABC is simpler and less expensive to implement than other traditional methods of allocating overhead costs. All cost drivers used to determine the rates will be unit-level drivers.

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: