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Hello,
I have two questions I need your help with:1) Usually for longer questions such as ones like Foreign Investment appraisal I prefer to use many “Workings” and at the end copy the figures in the general format of NPV.
My question is that if I do the workings correctly but am unable to incorporate (because I forget or I don’t get the time and the 3 hrs finish up) it into the format then will I get marks for that working?
I know I wont get the (one?) mark for arriving at the final NPV figure but I will get the marks for the correct working right?2) The above approach is long and I just want to ask if I’ll be given full credit if I just show how to calculate example: year 1 sales figure in working and directly calculate the rest years and write it in the NPV format?
Thank you for your efforts.
You do get marks for correct workings (provided obviously that you set them out in a way that the marker can follow what you are doing), even if the final answer is wrong.
Yes, to your second point – if your initial workings prove that you know what to do, then there is no need to show all of the workings in detail.
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