Over Simplify calculations?

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

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June 1, 2015 at 8:04 am #251190
P4
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In questions like Proteus Co. the following is given:
Tax rate: 25% of PBT and Dividends remitted is 25% of PAT.

We need amount transferred to Reserves.

Can I show .75*.75 = 56.25% and Multiply .5625 with PBT to directly get the amount transferred to Reserves?
Will my marks be deducted if I simplify it to this extent?
June 1, 2015 at 8:41 am #251230
John Moffat
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No – you won’t lose marks (provided your workings are clear enough for the marker to be able to follow what you are doing).
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