______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. It works best if the business is not already operating globally as learners have to carry out situational analysis on two countries it might consider trading in. 1895 0 obj BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). hmkAl)ag-$4!/z5SkI}i ;9uN(%Udm-+AhX(J(N+ZDO`ZlCq M\#E_ex)g0Lr^5rl0eIRYUuQuu)2FPhy{U]+}]Bga;+W$q.\m)GdKM/9Y`J~(UU\R%>>ofGn'["
#(tiQAxOk/XO1=RvfL^X ',X%z Paying forward- idea of taking things you have learned and been given and passing it on to another person The situational analysis should therefore be carried out on two countries, and equal consideration given to them which is then used to make the recommendation to meet C.D2 of one of the countries. 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. Specific examiners must mark Skip to document Sign inRegister Sign inRegister Home Ask an ExpertNew My Library A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. minor. 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$3,800,000\text{FANTASY FOOTBALL}\\ \text{Balance Sheets}\\ \text{December 31}\\ \begin{matrix} cons in context. Torecordanaccruedrevenue.C. COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. To do this, learners will have to use UK businesses, and this is recommended as it allows them to investigate finance/support and barriers, trade agreements. Emma_Upson. \text{\_\_\_\_\_\_10.} MAXIMUM MARK 60. !BTEC Business Unit 3 Formula. dollars per unit of A\mathrm{A}A and q=100yq=100-yq=100y dollars per unit of BBB. 50 terms. Total Fixed Costs / Unit Contribution. We dont want comprehensive coverage of one business with sparse coverage in the contrasting business. com is an ad-free, private search engine that you control. For LA D, the requirement is about cultural factors which generally will affect international businesses and learners don't have to apply this to a named business, but they can of course give examples. All of the forms required for assessment and verification can be downloaded from the web site. <>/MediaBox[0 0 595.44 841.68]/Parent 1893 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ \text{Total liabilities and stockholders' equity} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ endstream \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ Torecordpaymentofaprepaidexpense.I. M$
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This unit will also give learners an insight into where they can get financial advice and support. EXPLORE THE PERSONAL FINANCE SECTOR Features of financial institutions Types of organisations and their advantages and disadvantages: Bank of England banks building societies credit unions National Savings and investments insurance companies pension companies pawnbrokers payday loans. 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 12 Merit 15 20 . 10. In order to achieve this evaluation they should discuss the effects of the internal, external and competitive environments on the business and assess these effects for C.P4 and C.M3. stream
Learners dont have to design the Application Form, and this can be downloaded from a website. demonstrating a thorough grasp of competing arguments, leading \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ Personal finance involves the understanding of why money is important and how managing money can help prevent future financial difficulties. To achieve this Distinction criterion, market structure, including supply and demand and how these affect pricing and output decisions should be explored for D.P6 and assessed for D.M4. h-eM{'0N:9 ,3,_ r4/v \`_B o+y7]b&Ym1i9{q. Unit 11 Relationship Marketing Issue 2.pdf MARK SCHEME Duration: 1 hour and 30 minutes . <>stream
Businesses like Coca Cola, Apple, Nike are not good choices for this unit. Examiners should A. Gg. not worthy of credit according to the mark scheme. \text{\_\_\_\_\_\_5.} <> Evaluation likely to consist of basic description of After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. . Giving back is not always possible, but you can always pay forward, A corporation that invests money for individuals in portfolios managed by the corporation, Chapter 4: Schizophrenia Spectrum Disorders a, Earth Science Chapter 14 Section 1(Weathering, Totalliabilitiesandstockholdersequity. -salary: salary divided by pay periods }\\ Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. 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. Learners should use the same businesses for LAs A and B and choose one of them for AB.D1. Please note that any attempt to do this it may actually restrict learners ability to respond to the specific context that will be presented in Part B. The updated course will be fully complete by Feb half-term 2022. Who it's for Find grade boundaries for the latest exam series in which exams were taken or, if you need to view grade boundaries from earlier exam series, you can do so by using the tool below. Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) hVmo6+>$@Im@
M(AMG-e~V,;Z+-'sB Tr'A@ How does Ernies producer surplus change? \end{matrix} So for LA C, the learners should be aiming for C.D2 where they are recommending one country for a business to operate in. %%EOF were: Training, 50%; Software, 30%; Repair Contracts, 15%; Hardware, 5%. endobj BTEC Level 3 Business: Unit 3 - Personal & Busines 29 terms. 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. Go to the question papers, mark schemes and examiners' reports. allows the business to plan finances / budget (1), Long-term source of finance (1) which allows the Revenue. Btec business level 3 unit 1 assignment 1 example, Unit 1 exploring business assignment 1 examples, Btec business level 3 unit 1 assignment 2, Health and social care unit 5 coursework example p2, Btec level 3 health and social care unit 4, Personal Finance Personal Finance A Personal Financial Planning, Personal Finance Personal Finance 101 What is personal, Personal Finance Personal Finance A Personal Financial Planningis, Insurance Unit Personal Finance Personal Finance Wednesday February, BTEC Extended Certificate in Business BTEC Diploma in, Introduction to Finance BTEC Business Nationals Unit 5, Business Finance Business Finance or Corporate Finance as, BTEC Information Technology Course offered BTEC Level 3, BTEC APPLIED SCIENCE THE APPLIED SCIENCE BTEC QUALIFICATION, BTEC Level 3 Applied Science National Diploma BTEC, BTEC Computing Level 3 BTEC Computing Level 3, BTEC Enterprise BTEC Enterprise A bit about the, Personal Finance Topic 2 Personal Finance 1 What. 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. Something like a raffle is too simple and not suitable. 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? Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. INCOME TYPES OF INCOME Capital income: loan mortgages shares owners capital debentures. Torecordpaymentofaprepaidexpense.I. products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the -Have various fees, -Investment <>
understanding of relevant inf ormation; any gaps or omissions 39 : 25 . perception of where the grade boundaries may lie. \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. Management of business (planning, monitoring and controlling). & \text{Interest Receivable} \ldots\ldots\ldots & \text{5,000}\\ So learning the formulas is important. \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ View resources Resource collection 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. BTEC Business Revision Unit 3 - Personal 36 terms. 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. Learning Aims C&D look at the external environment and the market in which a business operates. The mark awarded within the band will be decided based on the quality of the answer \text{\_\_\_\_\_\_6.} 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. containing linkages and interrelationships between factors. They consist of two parts: indicati ve content and levels-based descriptors. <>/Filter/FlateDecode/ID[<587A7234B4B3B2110A00A0BE87FCFE7F>]/Index[4662 29]/Info 4661 0 R/Length 94/Prev 308944/Root 4663 0 R/Size 4691/Type/XRef/W[1 3 1]>>stream
{CM5W@I9}{? 1|1gQ6r/E={Lv|/{l]|D"ql:Ort0t00ht0xt0H40Jt00v0vt0Dt40pt4)8XZ( f$A!AHs 1? 31489H - Unit 2: Developing A Marketing Campaign : 90 . will need to recalculate the expense each year figure based Logical reasoning evidenced throughout response which is Logical reasoning evidenced throughout response which is clear and Margin of safety = 60 - 40. This unit includes aspects of both personal and business finance. Mark Contribution Per Unit x Margin of Safety. 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 . Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. Grade boundaries Jan 2023; AQA Politics Paper 1 25 May 2022 Exam chat; OCR Classical Civilisation A2 World of the Hero Paper 2022; internet or who choose not to use this method (1) reducing anxiety of \text{Long-term liabilities:} & \text{ } & \text{ }\\ Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . Demonstrates the use of logical reasoning, clarity, and hb```,l@( 0 or better and file a petition with the student adviser. <>/Filter/FlateDecode/ID[<77D1072CAEB1B2110A00F08B18E6FD7F>]/Index[1895 29]/Info 1894 0 R/Length 73/Prev 591381/Root 1896 0 R/Size 1924/Type/XRef/W[1 3 1]>>stream
Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. Gracen9111. within the levels represent the progression of these skills. %%EOF
(b) What kinds of assistance might a poor family be able to get from the government? Unit 3 Jan 2020 Exam - unit 3 personal and business finanace past papers exams questions, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Please check the examination details below bef, Public law (Mark Elliot and Robert Thomas), Electric Machinery Fundamentals (Chapman Stephen J. lower premium offer. Examiners should mark according to the mark scheme, not according to their Business. 3 0 obj
We have provided Authorised Assignment Briefs (AABs) which you can download and use with your learners. consist of basic description of information. \underline{\text{Assets}} & \text{ } & \text{ }\\ Unit 3: Personal And Business Finance . The controlled conditions for this unit allow learners to: Learners must not have access to the Internet, email, or any other resources aside from their permitted notes. In this pack you will find PowerPoints (with tasks including practice exam questions), templates and handouts. 6 0 obj
14. 31463 MARK Scheme JAN 2021 - Pearson BTEC Level 3 Nationals in Business - Unit 3 - 19 Unit 3: - Studocu nice work thank you unit personal and business finance mark scheme general marking guidance all learners must receive the same treatment. Learners notes can include notes about the provided research. 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. Sm,I N-&K$} n{zS$IP D%IS xa$I_|e #QIW&. vocabulary 4. \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ BTEC Business unit 3 personal and business finance. Ratio's. 30 terms. View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? x+q!RtPJZM B/ \text{Total assets} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ 5 0 obj
BTEC business level 3 unit 3 personal business and finance - Page 2 - The Student Room log insign up Home Forums Forums by section Chat Life and style Entertainment Debate and current affairs Study help University help and courses Universities and HE colleges Careers and jobs Introduce yourself Help and announcements Popular university forums Allow you to retire earlier assertions rather than supported by evidence. endobj
The materials already provided here will remain, along with lots of new revision resources. Z,-lq}r Q 5 years ago. graph.". 2 most common time frames for interest to be compounded? bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. Commercial bank, Investment bank, Insurance company, Brokerage, Takes deposits, makes loans, facilitates wire transfers and trade between countries, Serve as underwriters, initial public offerings, private share offerings, some banking between governments, Pool together money and risk from people through premiums to assist them in times of financial hardship, An intermediary that facilitates transactions of securities between buyers and sellers for a commission, Speed of transactions, personal safety of transactions, convenience of transactions, Process of explaining differences between a person's check register and a bank statement. Christopher_RHEAD. It would be better if the businesses were not in the same industry as this would give learners more scope to investigate the differences. Consider the example in class.