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Hi tutor,
How will questions regarding factoring and settlement discount be marked?Let say when calculating the finance cost, i accidentally include the reduction of bad debts,
And when calculating the revised trade receivables, i deducted the bad debts too
will that lead to a complete 0 marks allocated? Or a 0.5m?
I have written all my calculation for both cases. so the marker will know how the figures are derived.
In sections A and B your workings are not looked at and you either get 2 marks or zero.
In Section C it is the workings that get the marks, not the final answer, so you still get the marks for whatever you did correctly.
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So i wont get the marks since i did it wrongly and wrote the wrong workings?
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As in a like very slight error in the workings
I have already explained to you.
In Sections A and B you either get 2 marks if the answer was correct or 0 marks if the answer was wrong.
In Section C you get marks for your workings even if you have made a slight error.
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I am so sorry. Thank you so much for explaining Mr. Moffat!
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