Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. Personal and Business Finance. Torecordthisperiodsdepreciationexpense.\begin{matrix} The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. Content area A UNIT 3. Education Limited 2015, Level Mark Award up to 6 marks. Learners will consider business situations/scenarios where they are required to select and use appropriate evidence from several sources and support their arguments. stream It would be better if the businesses were not in the same industry as this would give learners more scope to investigate the differences. Unit 3: Personal and Business Finance Btec Business Level 3 Personal And Business Finance Exam Past Papers rel ation to the assessment outcomes being targeted by the question. \quad & \text{Accounts Receivable (from consulting)} \ldots\ldots\ldots & \quad & \text{9,000}\\ A more mundane business, like Aldi, offers more potential. they have shown they can do, rather than be penalised for omissions. 129 terms. x]OZAIs &;MU^4 HLR?s8Pu+@G_ pnYc1yFk@bt0">v/{ +L\0[.i5T#Pcn} \m3ix#|4^V@qU"P4(@55S|Y=4v~#,"Si7|pxM5l-`Z Identify three powers that Congress and the president share. h-eM{'0N:9 ,3,_ r4/v \`_B o+y7]b&Ym1i9{q. The contrast could be in terms of sector, purpose or size and the markets will be developing or developed. the consumer may receive more interest/pay lower fees (1), Lower interest rates means paying less interest on existing debt. which marks will be awarded and exempli fi cation may be limited. Personal finance involves the understanding of why money is important and how managing money can help prevent future financial difficulties. \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ Revenue income: cash sales credit sales rent received commission received interest received discount received. Displays a well-developed, balanced and coherent evaluation, 1905 0 obj Paying forward- idea of taking things you have learned and been given and passing it on to another person She. relevant information with a few gaps or omissions. It is not necessary to have one for-profit and one not-for-profit business as required by the previous QCF qualification suite. BTEC National Certificate in Business (180 GLH) Learning Aims C&D look at the external environment and the market in which a business operates. Unit 3 Personal & Business Finance: Identify question Jan 2018 Enterprise, Economics & Business 5.99K subscribers Subscribe 6.5K views 4 years ago A video outlining how to answer the. 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 . Sales Revenue - Cost of Goods Sold. How does Ernies producer surplus change? interrelationships between factors leading to a ), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. 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Recent flashcard sets. perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. endobj . Budget ______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. . Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. Unit 3.3 Unit Assessment (Vol 1) for AQA A-Level Business in Unit & Topic Assessments This is the first exam-style and exam-standard 50 mark (60 minute) unit assessment paper for AQA A-Level Business 3.3. On a circle graph , how many degrees should be used to show the sales of each department? \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ Points are awarded on a sliding scale between the grade boundaries based on the number of raw marks achieved by each learner. Version: 1 Date: 01/10/15 . {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}, Go to the assessment and verification forms, Unit 1: Sample Marked Learner Work for Learning Aim A and B, (Pass) - Exploring Business (Version 1 November 2015), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aim_A_and_B_Pass_Unit_1_Exploring_Business_Version_1_November_2015.pdf, Unit 1: Sample Marked Learner Work for Learning Aims C and D, (Merit) - Exploring Business (Version 1 July 2016), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aims_C_and_D_Merit_Unit_1__Exploring_Business_(Version_1_July_2016).pdf, Unit 1: Sample Marked Learner Work for Learning Aims E, (Distinction) - Exploring Business (Version 1 July 2016), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aim_E_Unit_1__Exploring_Business_(Veriosn_1_July_2016).pdf, Preparing learners for external assessment, Understanding BTEC External Assessment Mark Schemes, (Teaching Services team | Mon-Fri, 9am - 5pm GMT), {{translateWord(navigationJson.covidTitle)}}, {{translateWord(navigationJson.subjectTitle)}}, {{translateWord(navigationJson.qualificationTitle)}}, {{navigationJson.qualificationcolumn1CTAtext}}, {{navigationJson.qualificationcolumn2CTAtext}}, {{navigationJson.qualificationcolumn3CTAtext}}, {{translateWord(navigationJson.supportTitle)}}, {{translateWord(navigationJson.aboutusTitle)}}, {{translateWord(navigationJson.contactusTitle)}}, Unit 2 Developing a Marketing Campaign (31489H), Unit 3 Personal and Business Finance (31463H), BTEC National Certificate in Business (180 GLH), BTEC National Extended Certificate in Business (360 GLH), BTEC National Foundation Diploma in Business (510 GLH), BTEC National Diploma in Business (720 GLH), BTEC National Extended Diploma in Business (1080 GLH), Join the BTEC Business and Enterprise Facebook group. A set of slides produced by a group of learners is not appropriate evidence here as it is not possible to perceive individual contribution and understanding. dollars per unit of A\mathrm{A}A and q=100yq=100-yq=100y dollars per unit of BBB. will need to recalculate the expense each year figure based Torecordpaymentofanaccruedexpense.D. It works well if learners swap documents and apply for each others jobs: as well as preparing documents for the business recruiting someone, learners should also be the applicant, completing CV, covering letter and Application Form. <> 1895 0 obj Learners may resit an external assessment to obtain a higher grade of near pass or above. CONSUMER PROTECTION IN RELATION TO PERSONAL FINANCE Function, role and responsibilities of: Financial Conduct Authority (FCA) Financial Ombudsmen Service (FOS) Financial Services Compensation Scheme (FSCS) legislation consumer credit. . Show these changes in your Unit 3: Personal and Business FinanceThe exam. 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. This unit includes aspects of both personal and business finance. always award full marks if deserved, i. if the answer matches the mark scheme. endobj co. uk/index. <>>> BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). \text{Current liabilities:} & \text{ } & \text{ }\\ Actual Sales - Break-Even Level of Output, Opening Inventory + Purchases - Closing Inventory, Non-Current Liabilities + Net Current Assets - Long Term Liabilities, Current Assets - Inventory/ Current Liabilities, Average Inventory Turnover/Cost of Sales x 365, BTEC Level 3 Business: Unit 3 - Personal & Bu, BTEC Business Revision Unit 3 - Personal and, BTEC Business- Unit 3 Finance revision exam, Business Unit 3 Personal and Business Finance, Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Charles T. Horngren, Madhav V Rajan, Srikant M. Datar, LIFE Exam- Chapter 3, Life Insurance Policies, Psych Mod 62- Dynamics of intelligence+ Genet. Learners could use one of the businesses used for Learning Aims A&B, or choose a different business altogether. endobj & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. Mark Logical reasoning evidenced throughout response which is clear and \quad & \text{Interest Payable} \ldots\ldots\ldots & \quad & \text{1,000}\\ <> 11d Award two marks for the correct answer of 20 units, Award one mark for the formula in either words of figures, Margin of safety = expected output break-even quantity 2. \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ 7. G)mrQ. This BTEC National Business Unit 3 online course is currently under development to support the Unit 3 Grade Booster cinema workshops being held for the summer 2022 exam. What should xxx and yyy be to maximize profit? \underline{\text{Assets}} & \text{ } & \text{ }\\ \text{\_\_\_\_\_\_7.} Refer to the guidance on the cover of At no more . Displays a balanced evaluation demonstrating an awareness of cle ar and uses specialist te chnical language consistently. 70 : 54 . 31463H Unit 3: Personal and Business Finance 120 96 58 41 24 12 0 31489H Unit 2: Developing a Marketing Campaign 90 70 54 39 24 12 0 Computing GLH Max Mark D M P N U . 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. Position increasing the value of the business, Works out 10 800* cheaper (ignoring repair costs) over the life, Interest rates could fall which would reduce the cost, Significant deposit might be required that the business may not have, Could lose the property if it defaults on the loan repayments, Additional installation and delivery cost, which will need to be funded Raw mark scores can be downloaded by Exams Officers from Edexcel Online. Car audio & video Home audio TVs & video Headphones & wireless Marine Smart home. 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. D.M4 is not a comparison but an analysis - so detailed examination of different aspects and the relationship between the different factors. Torecordreceiptofunearnedrevenue.E. 11 : 0 . not made a claim, Current provider might not be giving him as good a deal as new R efer to the guidance on the cover of this unit 3: personal and business finance grade boundaries \text{B. 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. Businesses like Coca Cola, Apple, Nike are not good choices for this unit. 39 : 25 . Explain why instant gratification is often temporarily joyful but costly in the future. }\\
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