I. But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{1,400}\\ UNIT 3: PERSONAL AND BUSINESS FINANCE THE EXAM. endobj clarity and fails to provide an adequate answer to the question. Content area A UNIT 3. We want to see that the theory which youve taught is applied to the specific selected businesses. Learners need to carry out situational analysis and to consider cultural differences. Make you wealthy, The number of times interest is calculated against principle, The amount of money you owe someone or that you have saved. \quad & \text{Salaries Payable} \ldots\ldots\ldots & \quad & \text{6,000}\\ Examiners should first make a holi stic judgement on which band most closely examiners must mark Skip to document Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Torecordanaccruedrevenue.C. expensive product, Profit margin = profit / sales revenue x 100, (65 000 13 000) / (65 000 + 195 000) x 100, Gross profit margin = gross profit / sales revenue x 100, More depreciation in the early life of the asset and less in the (b) What kinds of assistance might a poor family be able to get from the government? Pearson BTEC Level 3 Nationals in Business Unit 3 19. Unit 1 assignment 2 grade d achieved jbcjobcjo. 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. Ashridge, Level Mark Award up to 12 marks. \text{\_\_\_\_\_\_ 12.} Torecordreceiptofunearnedrevenue. Express each amount as a percentage of total assets for that year. Indicati ve content unit 3: personal and business finance grade boundaries. BTEC National Business | Livestream | Unit 3 (Jan 2022) Personal Finance Live Revision tutor2u 200K subscribers Subscribe 375 Share 13K views Streamed 1 year ago #btecbusiness Join Jim. \text{Supplies} & \text{$124,000$} & \text{$87,400$}\\ Unit 3: Personal And Business Finance . Examiners should also be prepared to award zero marks if the learners response is These plans must not be submitted as part of the learners work and will not be marked by examiners. Eswatini (/ s w t i n i / ESS-wah-TEE-nee; Swazi: eSwatini [swtini]), officially the Kingdom of Eswatini and formerly named Swaziland (/ s w z i l n d / SWAH-zee-land; officially renamed in 2018), is a landlocked country in Southern Africa.It is bordered by Mozambique to its northeast and South Africa to its north, west, south, and southeast. Meaning may be conveyed but in a non-specialist way; response lacks Unit 3 - Personal FInance. Mark schemes should be appli ed positively. Tort law & Omissions - Lecture notes 3, EAT 340 Solutions - UNIT1 Lesson 12 - Revision Material (Previous Examination Paper 2017 ), Offer and Acceptance - Contract law: Notes with case law, Lab report(shm) - lab report of simple harmonic motion, Unit 6 - The History of the NHS (Journal Article), Importance of Studying Child and Adolescent Development, Acoples-storz - info de acoples storz usados en la industria agropecuaria. Z,-lq}r Q Last year's sales in 4 departments of the Grand Solutions Computer Company Analysis likely to consist of basic description of information. Discussion is partially developed, but will be imbalanced. Learners dont have to design the Application Form, and this can be downloaded from a website. Meaning may be conveyed but in a non-specialist way; Learners may resit an external assessment to obtain a higher grade of near pass or above. Unit results for BTEC National qualifications are reported on a 5 point grade scale: Distinction (D), Merit (M), Pass (P), Near Pass (N) and Unclassified (U). GRADE BOUNDARIES (JULY 2019) UNIT 3 Personal and Business Finance DISTINCTIO N MERIT PASS 73 55 39 THEREFORE YOU ARE LOOKING AT GETTING 75 (meaning you can lose 25 marks ONLY! Gracen9111. G.Torecordthisperiodsuseofaprepaidexpense. Award one mark for the correct formula in words or numbers: Award one further mark for the correct calculation of profit of 52 000, 10a Award three marks for the correct response of 25%, Award one further mark for the correct calculation of revenue of 260 000, Pearson BTEC Level 3 Nationals in Business Unit 3 Issue 3 April 2017 Pearson Torecordthisperiodsuseofaprepaidexpense.D. feature), No claims discount is protected may save money in the future if What should xxx and yyy be to maximize profit? Gg. Two contrasting UK businesses operating in contrasting markets are required. Repair costs if needed are not covered by loan so could add to overall Evidence of application demonstrating some linkages and BTEC Business unit 3 personal and business finance. competing arguments, le ading to conclusions. \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{4,500}\\ %PDF-1.7 % It should be a job realistic for someone following a National in Business, so a managerial position may be aspirational, but it isnt suitable. IxP'Prd,E00 sgT31:/RcJ{Eg6i{ Margin of Safety. 120 . 70 : 54 . TorecordthisperiodsearningofpriorunearnedrevenueF. \text{Inventory} & \text{$1,900,000$} & \text{$1,349,000$}\\ endobj Comparing multiple options, unit sizes/prices, looking for deals, buying in bulk, Gross-hourly: rate times wage \text{\_\_\_\_\_\_8.} Torecordpaymentofaprepaidexpense.I. The contrast is in the features: ownership and liability, or size, or sector or purpose. interrelationships between factors leading to a supported minor. repair costs), Machine is owned and is an asset and shown on the Statement of Financial \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ <>/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>> 13. Sales Revenue - Cost of Goods Sold. \text{Current liabilities:} & \text{ } & \text{ }\\ An assignment is issued to learners as an assignment brief with a defined start date, a completion date and clear requirements for the evidence that they need to provide. Grade boundaries are the minimum number of marks needed to achieve each grade. Torecordanaccruedexpense.B. 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She. understanding of relevant inf ormation; any gaps or omissions All the units can be sold for p=100xp=100-xp=100x \text{Accounts receivable} & \text{$856,000$} & \text{$999,400$}\\ arguments/pros and cons in context. interrelationships between factors leading to an analysis being presented. MAXIMUM MARK 60. (. Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. Measuring performance. For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. within the levels represent the progression of these skills. 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. Meaning may be conveyed but in a non-specialist way; respon se 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. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. 4 0 obj What is the difference between fixed/constant income and variable income? Key terms and definitions. \text{\_\_\_\_\_\_4.} Education Limited 2015, Level Mark Award up to 6 marks. . Gross Profit. MANAGING PERSONAL FINANCE Suitability of different financial products and services against individual needs. A. This success relies on understanding what money is. \text{\_\_\_\_\_\_5.} <>/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 4690 0 obj Secret Trusts - Perfect Essay What Is It? 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. . In order to access the ACS, you will need to complete the form using the following options: You can then complete the rest of the online form providing all the information relevant to your case, attach the assignment brief once you have submitted the case. Evaluation likely to consist of basic description of Paying forward- idea of taking things you have learned and been given and passing it on to another person Logical reasoning evidenced throughout response which is clear and If a learner has more than one attempt, then the best result will be used for qualification grading. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. Resources - Unit 3: Personal and Business Finance ( Exam) 2019 papers and mark schemes : January 20 paper and mark scheme : New format exam 80marks : PLCs Personal and Business finance : Unit 3 Powerpoint notes : Learning Aim E Workbook.docx : Learning Aim F.docx : Practice questions Business Finance.docx: Giving back- returning help or service to someone who gave you help or service We set grade boundaries for each grade, at Distinction, Merit and Pass. on the net book value at the end of the previous year, It is harder to work out what percentage to use to endstream endobj startxref understanding of relevant inf ormation; any gaps or omissions are Evidences thorough application leading to a balanced analysis To get to that point, they should consider two countries where a selected business could operate and think about the external factors which will influence them making this decision. endobj endstream 4662 0 obj The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. Stakeholders of each business should be similarly given equal consideration and their influence should be relevant to each business. life of the asset. \text{Total liabilities and stockholders' equity} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. The paper will be marked out of 100 with 2 sections. In class example, twice as much because you are paying not only for the item you purchased but the right to borrow the money as well (interest). alternative response. 2 0 obj Budget Level Mark Descriptor Provides little evidence of application and links between relevant vary, At the end of the lease Mike will have to return the asset, Does not own the machine so does not improve the value of the business, Will face additional costs of 1500 if the business tries to end the lease h-eM{'0N:9 ,3,_ r4/v \`_B o+y7]b&Ym1i9{q. Business enterprise Level 3 100% (1) 10. \quad & \text{I. %PDF-1.5 Learners could use one of the businesses used for Learning Aims A&B, or choose a different business altogether.