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Hello all,
Will it be acceptable in the exam, meaning would the candidate actually loose marks, if the large figures were rounded to the nearest thousand dollar ($’000) to save time?
This particularly true in NPV and equivalent annual cost questions where the figures are fairly large and it would waste time to write the whole thing down every time (ie 3,543,454).
Please advise.
No problem. You will have seen in all of the lectures that I always round the cash flows to the nearest thousand (and usually so does the examiner).
The only time you need do different is (obviously) if the question specifically tells you to do different.
It is a good idea to write about your cash flow table ” $ thousands ” then there is no risk at all of the market being confused.
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