Workings

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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June 6, 2016 at 4:07 am #319714
wendyjy
Participant
- Topics: 13
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Hi John Moffat,

I would like to ask that for exam whether must write %, $, etc. in workings?

For example,
Answers:
Ke = 12.4%
Kd = 9.83%
Ve = $154.75 million
Vd = $19.016 million

WACC
=12.4%*$154.75m/$173.766m + 9.83%*$19.016m/$173.766m
=12%

Or

WACC
=12.4*154.75/173.766 + 9.83*19.016/173.766
=12%

Thank you.
June 6, 2016 at 9:30 am #319779
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
It doesn’t matter, as long as it is clear to the marker what you are doing.

(Assuming you are referring to Section B of the exam. For Section A nobody will even look at your workings)
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