Spring 2016 #22
in COPLFR.SAO
For a, is it bc we are not given non-tabular discount/tabular discount, therefore PHS = TAC?
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For a, is it bc we are not given non-tabular discount/tabular discount, therefore PHS = TAC?
Comments
The short answer is that you can generally use surplus as an approximation to TAC. In this problem you aren't given any other information so that's all you can do.
A longer answer is that surplus approximates TAC for some companies better than others depending on the magnitude of other TAC for the specific company. Other components may include:
To refer to your original question:
I would not expect an exam question to require calculation of TAC using such detailed components as tabular and non-tabular discounts.