1 when the cost driver is changed support department cost, Ask an Expert

Finance

1. When the cost driver is changed, support department cost allocations to revenue-generating departments will change under the step-down method of cost allocation but not under the direct method of cost allocation.

a. True or b. False

2. A 20-year, $1,000 face value bond sells for $925 and has an 8% annual coupon rate. What is the bond’s yield to maturity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92425869

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