Includes repair costs so peace of mind knowing that production should products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the information. they have shown they can do, rather than be penalised for omissions. Learners records and diaries/logs of the planning process are expected in their evidence. All these documents are required as a minimum. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. FANTASYFOOTBALLBalanceSheetsDecember31AssetsCurrentassets:CashAccountsreceivableInventorySuppliesLong-termassets:EquipmentLess:AccumulateddepreciationTotalassetsLiabilitiesandStockholdersEquityCurrentliabilities:AccountspayableInterestpayableIncometaxpayableLong-termliabilities:NotespayableStockholdersequity:CommonstockRetainedearningsTotalliabilitiesandstockholdersequity2018$208,000856,0001,900,000124,0001,292,000(380,000)$4,000,000$168,000076,000760,000786,6002,209,400$4,000,0002017$262,200999,4001,349,00087,4001,292,000(190,000)$3,800,000$129,2003,80076,000760,000786,6002,044,400$3,800,000, For each of the following journal entries 1 through 12, enter the letter of the explanation that most closely describes it in the space beside each entry. Unit 3.3 Unit Assessment (Vol 1) for AQA A-Level Business Gg. They should also show they know how to use situational analysis techniques and apply to a business: PESTLE, SWOT, Porter's Five Forces and 5 C's. In Unit 7 learners draw together learning from previous units in the qualification. . Ratio's. 30 terms. they have evidenced each of the descriptor bullet points. We provide an Assignment Checking Service which offers you feedback on your assignment briefs. hb```,l@( %PDF-1.5 % w``yCKd+)>Y Level 1 1 3 Demonstrates isolated knowledge and understanding of relevant, Level 2 4-6 Demonstrates accurate knowledge and understanding of relevant, Level 3 7-8 Demonstrates accurate and thorough knowledge and, *1 000 800 = 200 (difference in monthly cost) to supported conclusions. Learners can use Part A for familiarization but are not permitted to make notes to take with them into Part B. INCOME TYPES OF INCOME Capital income: loan mortgages shares owners capital debentures. 1833 0 obj <>/Filter/FlateDecode/ID[<0BC5FEDC42DE804896A605C58003AB09>]/Index[1820 28]/Info 1819 0 R/Length 83/Prev 341460/Root 1821 0 R/Size 1848/Type/XRef/W[1 3 1]>>stream Unit Price x Quantity Sold. matches the learners response and place it within that band. <>stream accounting concepts, Prevents understating the expense / overstating profits so What should xxx and yyy be to maximize profit? Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. %%EOF <>/MediaBox[0 0 595.44 841.68]/Parent 1893 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> Our Assessment plan for 2017-18 for the Level 1 / 2 BTEC first Award in Business Learners have 4 hours a week Units chosen are: Unit 1 - Enterprise in the Business World Unit 2 - Finance for Business -External Exam unit Unit 7 - Providing Business Support Unit 8 - Recruitment, Selection and Employment First year delivering Level 2 after a break of 2 years - might deliver unit 1 and 7 together . Margin of Safety. Something like a raffle is too simple and not suitable. uses specialist te chnical language consistently and fluently. ), WEBSITES TO SUPPORT http: //www. unit 3: personal and business finance grade boundaries unit 3: . There are four externally assessed units and they are either of 90 or 120 GLH. 14 terms. BTEC Business Revision Unit 3 - Personal 36 terms. Conclusions may be p resented, but are li kely to be generic Unit 11 Relationship Marketing Issue 2.pdf Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. & \text{Salaries Payable} \ldots\ldots\ldots & \text{1,400}\\ endobj arguments/pros and cons in context; discussion likely to & \text{Unearned Professional Fees} \ldots\ldots\ldots & \text{3,000}\\ Personal and business finance exam unit 3 - The Student Room PDF Grade Boundaries January 2022 - Edexcel lacking support. Torecordanaccruedrevenue.G. Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. relevant information; there may be major gaps or omissions. Examiners' reports are the communication channel between senior examiners and teachers and contain an explanation of how the senior examiners have interpreted the mark schemes as well as examples of both good and poor candidate responses. We want to see a valid analysis of key factors, including awareness of the importance of contingency planning for C.M3. . If you buy the item instantly you would be happy for having it, but it is costly to pay for it in the future. Realistic Measuring performance. \text{Long-term assets:} & \text{ } & \text{ }\\ For C.D2 learners need to make a judgement on how well the chosen business is affected by the environment in which it operates, and show they understand and can use a variety of situational analysis techniques. /t geo o#?ui4uoJ>Nkm`rz7qc5lVu3&S[C`=RF>_0|\6/5 PPTX Business - sjhcsc.co.uk Learners must produce their own job description, person specification and advert. Displays a well-developed and balanced discussion, not made a claim, Current provider might not be giving him as good a deal as new We advise that learners do not choose their own centre as one of the businesses, largely because they are difficult to understand in terms of ownership and liability and learners often make mistakes about this feature. The staging of the event is covered in Learning Aim D and the review of the event is covered in Learning Aim E, and this work should be done after the event itself. Pearson BTEC Level 3 Nationals in Business Unit 3 19. Refer to the guidance on the cover of Learners are permitted to resit external assessments twice during their programme. These plans must not be submitted as part of the learners work and will not be marked by examiners. costs if machinery breaks down. Make you wealthy, The number of times interest is calculated against principle, The amount of money you owe someone or that you have saved. \underline{\text{Liabilities and Stockholders' Equity}} & \text{ } & \text{ }\\ Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. Pearson BTEC Level 3 Nationals in Business - Unit 3 - January 2020 . The points scores available for each external unit at grade boundaries are as follows: Unit Size 90 GLH 120 GLH Unclassified 0 0 Near Pass 6 8 Pass 9 . & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ vocabulary 4. This also applies to organisation structure and aims and objectives. minor. In this unit learners examine marketing aims and objectives for existing products/services and understand the importance of relevant, valid and appropriate research in relation to the needs and wants of customers. H.Torecordpaymentofaprepaidexpense. After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. ______1.______2.______3.______4.______5.______6.______7.______8.______9.______10.______11.______12.InterestExpenseInterestPayableDepreciationExpenseAccumulatedDepreciationUnearnedProfessionalFeesProfessionalFeesEarnedInsuranceExpensePrepaidInsuranceSalariesPayableCashPrepaidRentCashSalariesExpenseSalariesPayableInterestReceivableInterestRevenueCashAccountsReceivable(fromconsulting)CashUnearnedProfessionalFeesCashInterestReceivableRentExpensePrepaidRent1,0004,0003,0004,2001,4004,5006,0005,0009,0007,5002,0002,0001,0004,0003,0004,2001,4004,5006,0005,0009,0007,5002,0002,000. 39 : 25 . Every business is potentially ripe for investigation, not just the iconic Apple which learners often use to extol the products rather than really get to the bottom of how its success can be linked to innovation and enterprise. so lower amounts being paid will improve cash flow (1), Repayments / interest payments are fixed (1) which Learning Aims C&D look at the external environment and the market in which a business operates. Contribution Per Unit x Margin of Safety. BTEC National Certificate in Business (180 GLH) \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ 15.00 Add to cart Share : Full description License Delivery & returns Business Assessment Resources Unit & Topic Assessments Evaluation likely to consist of basic description of The paper will be marked out of 100 with 2 sections. This is a popular optional unit. The assignment is a distinct activity completed independently by learners, and is separate from the teaching and learning for that learning aim or aims. (a) What are the most recognized causes of poverty? endobj 50 terms. Torecordanaccruedrevenue.C. Functions of Money - BTEC Unit 3: Personal and Business Finance Compliance (preventing fraud, compliance with law and regulations). Personal and Business Finance. assertions rather than supported by evidence. Torecordthisperiodsearningofpriorunearnedrevenue. CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials 7. 0 & \text{Interest Expense} \ldots\ldots\ldots & \text{1,000}\\ View resources Resource collection They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. Net-Actual money you are paid (with deductions), -Transactional Unit 3: Personal and Business Finance Revision Booklet 1 Learning Aim A: Understand the importance of managing personal finance, including: Functions and Role of Money (A1) Different ways to pay (A2) Current Accounts (A3) Managing Personal Finance (A4) Note: Unit 3: Personal and Business Finance covers both personal and business finance. UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Planning expenditure, common principles to be considered in planning personal finances: to avoid getting into debt to control costs avoid legal action and/or repossession remain solvent maintain a good credit rating avoid bankruptcy to manage money to fund purchases generate income and savings set financial targets and goals provide insurance against loss or illness counter the effects of inflation. x+q!RtPJZM B/ How does Ernies producer surplus change? Many businesses publish such information online for potential recruits, but learners must not copy/paste chunks from a website as this doesnt show theyve understood the process. Lecture notes, lectures 1-19 - materials slides, Strategic Operations Management PS4S26-V2 - Assessment 1, 3. \text{\_\_\_\_\_\_4.} \quad & \text{I. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Daniel F Viele, David H Marshall, Wayne W McManus, Fundamentals of Financial Management, Concise Edition. }\\ clarity and fails to provide an adequate answer to the question. All learners must receive the same treatment. The chosen businesses should be two contrasting businesses which operate in different markets (developed, emerging or less developed). BaakliniC10019. Part A introduces learners to the context and is released before the Part B is taken. Management of business (planning, monitoring and controlling). So learning the formulas is important. "Ernie owns a water pump. \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ endstream Last year's sales in 4 departments of the Grand Solutions Computer Company endobj Evidence of application demonstrating linkages and All the units can be sold for p=100xp=100-xp=100x \uiYrWPtRZ6Wf>S4 , hf10t400 (DUH1q-}"w|2}> ,T*'+` h9s PESTLE is the situational analysis referred to in the unit content C1, so this is what learners should carry out on the two countries they have chosen for C.M3. The cost (in dollars) of producing these units is given by the joint-cost function C(x,y)=x2+xy+y2C(x, y)=x^2+x y+y^2C(x,y)=x2+xy+y2. Importantly, it also means the learners can listen/see their performance which will help them review their performance for Learning Aim C. If this isnt possible, then a fully detailed and individual Record of Activity should support the achievement of criteria and peers can complete a Witness Statement. in response to the assessment focus/objective and will be modified according to how Powerxlvortexgrill Plate.comGet your inspiration flowing with our video If Stefani can get a 0% card, Many providers offer additional incentive to encourage balance transfers, Put the money saved from 0% interest into a savings account and earn money on it, Consolidate any other debts into one payment, May get an increased limit by switching provider which could positively impact on her credit, May encourage excessive borrowing if credit limits are increased, Inability to find a 0% balance transfer offer could prove very expensive, Transfer limit usually applies so she can only transfer so much, Credit card provider might try and encourage the purchase of additional products, which she, Other purchases made on the card may be charged at the standard rate of interest, Increasing her credit card balance may affect Stefanis credit rating/score, which could affect, Given recent lockdown issues it might mean Stefani has been unable to go on holidays. %PDF-1.5 ), A. A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. Learners will investigate some of the issues that managers and leaders have to deal with in the workplace in making businesses more efficient and ensuring their survival and growth. interrelationships between factors leading to a supported 4663 0 obj 71 Table 3: Advantages and disadvantages of different types of borrowing. later years of the assets life, which helps offset greater repair Level Mark Descriptor IxP'Prd,E00 sgT31:/RcJ{Eg6i{ 3. We dont want comprehensive coverage of one business with sparse coverage in the contrasting business. This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. hb```df B,`q( 1uBHu{9.#[(` An Administrative Support Guide is available to help guide you through the assessment process. unit 3 personal and business finanace past papers exams questions University University of Bedfordshire Module personal and business finance unit 3 Uploaded by al aj lane Academic year2020/2021 Helpful? AS Business Book: Year 1 - Opportunities and Functions. 1923 0 obj interrelationships between factors leading to an analysis being presented. 1. Resources - Unit 3: Personal and Business Finance ( Exam) }\\ G.Torecordthisperiodsuseofaprepaidexpense. \text{\_\_\_\_\_\_ 3.} The business finance aspects of the unit introduces learners to accounting terminology, the purpose and importance of business accounts and the different sources of finance available to businesses. unit 3: personal and business finance - sample mark scheme Recent flashcard sets. endobj B. <> rel ation to the assessment outcomes being targeted by the question. SCORES AND GRADE POINTS TARGET ! \text{Interest payable} & \text{0} & \text{$3,800$}\\ will need to recalculate the expense each year figure based Prevents overstating the vehicles value so would comply with Summer 2023 Series: English Language A2 Unit 3 Examination: 17 Aug: AS/A Level Results Day : Get the latest subject updates The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. }\\ Business btec Unit 3. 4 0 obj \text{Cash} & \text{$\$ 208,000$} & \text{$\$ 262,200$}\\ Margin of safety = 60 - 40. Learners will be pl aced D|Q`]i VH2:n>@s000R {, Personal Finance Unit 3 Test Flashcards | Quizlet \text{Long-term liabilities:} & \text{ } & \text{ }\\ PDF Unit 3: Personal and Business Finance - sample mark scheme This success relies on understanding what money is. TorecordthisperiodsearningofpriorunearnedrevenueC. We set grade boundaries for each grade, at Distinction, Merit and Pass. Marks will be awarded towards the top or bottom of that band depending on how Unit 1 assignment 2 grade d achieved jbcjobcjo. LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. HOMEWORK Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. FANTASYFOOTBALLBalanceSheetsDecember3120182017AssetsCurrentassets:Cash$208,000$262,200Accountsreceivable856,000999,400Inventory1,900,0001,349,000Supplies124,00087,400Long-termassets:Equipment1,292,0001,292,000Less:Accumulateddepreciation(380,000)(190,000)Totalassets$4,000,000$3,800,000LiabilitiesandStockholdersEquityCurrentliabilities:Accountspayable$168,000$129,200Interestpayable03,800Incometaxpayable76,00076,000Long-termliabilities:Notespayable760,000760,000Stockholdersequity:Commonstock786,600786,600Retainedearnings2,209,4002,044,400Totalliabilitiesandstockholdersequity$4,000,000$3,800,000\text{FANTASY FOOTBALL}\\ \text{Balance Sheets}\\ \text{December 31}\\ \begin{matrix} 3 0 obj }\\ Discussion is partially developed, but will be imbalanced. You can download the question papers, mark schemes and examiners' reports for each past exam series and taken together, these will give you the best insight into what is required in each unit. Different types of banks/ financial institutions? Preparation for the interview should be researching suitable questions, what to wear, travelling, demeanour etc and the role plays should be as realistic as possible. Levels-based descriptors articulate the skills that a learner is likely to demonstrate in Different insurance products: products (car, home and contents, life assurance and insurance, travel, pet, health) different types of insurance policy for each product features of different types of insurance advantages and disadvantages of different types and features. cons in context. When using a levels-based mark scheme, the be st fit approach should be used. %%EOF perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. Gross Profit. An assignment is set after the content of specific learning aims has been delivered. Unit 1 - Finance, the Individual and Society (R/505/4681) Students will understand the role of the citizen in the UK, the values held by citizens, and the impact they have on personal finance. SCORES and Grade POINTS TARGET! The Unit 7 task booklet (called Part S) must only be made available to learners at the beginning of the supervised assessment period and centres must not discuss the details of the task contents with learners directly. Torecordthisperiodsuseofaprepaidexpense.H. 13. Revenue income: cash sales credit sales rent received commission received interest received discount received. (2nd essay question). interrelationships between factors leading to a Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ the consumer may receive more interest/pay lower fees (1), Lower interest rates means paying less interest on existing debt. Unit 3 Personal and business finance - StuDocu 3 Grade Boundaries - BTEC Level 3 Nationals - June 2018 Understanding external assessment grade . \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ cle ar and uses specialist te chnical language consistently. If a learner has more than one attempt, then the best result will be used for qualification grading. \end{matrix} Prepare a horizontal analysis of Fantasy Football's 2018 balance sheet using 2017 as the base year. <> A. document for how to a pply levelsbased mark schemes. Section A contains questions on the personal finance unit content and approximately one-third of the marks, and Section B contains questions on the business finance unit content and approximately two-thirds of the marks. Can get more personalised service / better advice (1) because some In this unit you willl sit a 2 hour written exam in this unit. To do this, learners will have to use UK businesses, and this is recommended as it allows them to investigate finance/support and barriers, trade agreements. BTEC National Business | Livestream | Unit 3 (Jan 2022) Personal holistically. Wtt Yd3 V7NFyU4?' `A{I/mfXD %UR,+D}ABQy] 1,[L"K LkB BTEC BUSINESS Unit 3: Personal and Business Finance HOMEWORK Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. Which is more important to budgeting: income or cash flows? Revenue. Job Application Form Template word. In order to fulfil the requirements of the assessment criteria, the contrasts could be manufacturing/service, importing/exporting, existing multinational/small business starting to trade internationally. The features, outlined in the unit content, should be considered in equal measure in each business. D.M4 is not a comparison but an analysis - so detailed examination of different aspects and the relationship between the different factors. On a circle graph , how many degrees should be used to show the sales of each department? 100 marks available ju dgement/judgements being made. \text{\_\_\_\_\_\_10.} H@))@b"/EPl0\B8#" Indicative content reflects specific content-related points th at a learner might make. hbbd```b``fA$dr,~ 4679 0 obj Level 0 0 No rewardable material. They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. 11 : 0 . . ju dgement/judgements being made. \text{Current liabilities:} & \text{ } & \text{ }\\ Torecordpaymentofaprepaidexpense.I. The materials already provided here will remain, along with lots of new revision resources. <>>> Mark schemes should be appli ed positively. Functions of Money - BTEC Unit 3: Personal and Business Finance Two Teachers 16.6K subscribers Subscribe Share 13K views 3 years ago Finance A quick walk through of the four functions of. \end{matrix} % & \text{Cash} \ldots\ldots\ldots & \text{9,000}\\ When setting a budget, you must manage your _________ and limit your ___________. 9 Award one mark for identification of an advantage for the UNIT 3: PERSONAL AND BUSINESS FINANCE THE EXAM. Key terms and definitions. ), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Human Rights Law Directions (Howard Davis), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. which marks will be awarded and exempli fi cation may be limited. For this mandatory unit, up to four different businesses are required two contrasting businesses for Learning Aims A and B, another business for Learning Aims C and D and a further business for Learning Aim E. Contrasting businesses are to be selected individually by learners. Gives you security in case something happens Learners must not have access to the Internet, email, or any other resource. (c) What combination of personal action and good fortune could help a person rise out of poverty? schemes. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> Finance exam 2017 (edited 4 years ago) 0. . Ashridge, Level Mark Award up to 12 marks. endstream endobj startxref . BTEC Nationals Personal and Business Finance (2010) - Edexcel <>stream \text{Common stock} & \text{$786,600$} & \text{$786,600$}\\ Unit 3 Personal and Business Finance Unit 6 Principles of Management Unit 7 Business Decision Making Grade statistics The grade statistics show the number of learners who completed each qualification each year, and the proportion achieving each grade. Torecordthisperiodsdepreciationexpense.\begin{matrix} Evidences the weighing up of competing arguments/pros and PDF Grade Boundaries - Edexcel have access to the annotated research and the two pages of prepared notes to allow them to complete the task, have access to permitted software or applications, offline Office applications, such as Microsoft Office, Open Office, etc, any other offline applications, such as project planning software, calculators, spell-checkers, etc. UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Role of money is affected and influenced by a number of factors: personal attitudes towards risk and reward, borrowing, spending and saving life stages (childhood, adolescence, young adult, middle age, old age), key features of each stage, financial needs and implications at each stage culture, including religious and ethical beliefs life events can vary the personal life cycle from individual to individual external influences/trends and the financial-related effects interest rates, cost of borrowing versus reward of saving. \text{Income tax payable} & \text{$76,000$} & \text{$76,000$}\\ & \text{H. To record payment of a prepaid expense. unit 3: personal and business finance grade boundaries 11. Part S is completed on a computer. \quad & \text{Salaries Payable} \ldots\ldots\ldots & \quad & \text{6,000}\\

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