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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. demonstrating a thorough grasp of competing arguments, leading costs as the vehicles age. 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. The BTEC Centre Guides below provide guidance on how to run the assessment of internally assessed units. Consider the example in class. 35 : 22 . bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials 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/ 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. Learners can use Part A for familiarization but are not permitted to make notes to take with them into Part B. Provides lit tle evidence of appli cation and li nks between relevant Raw mark scores can be downloaded by Exams Officers from Edexcel Online. 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. What should xxx and yyy be to maximize profit? Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. In this pack you will find PowerPoints (with tasks including practice exam questions), templates and handouts. Contribution Per Unit x Margin of Safety. 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. But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. Evidence of application demonstrating linkages and \underline{\text{Liabilities and Stockholders' Equity}} & \text{ } & \text{ }\\ Examiners should first make a holi stic judgement on which band most closely interrelationships between factors leading to a Learners notes can include notes about the provided research. startxref Pearson BTEC Level 3 Nationals in Business – Unit 3 – January 2020 © Pearson Education Limited 2020 19 General marking guidance • All learners must endobj
Part A introduces learners to the context and is released before the Part B is taken. In Unit 7 learners draw together learning from previous units in the qualification. Ashridge, Level Mark Award up to 12 marks. Click the card to flip Definition 1 / 39 Budget Click the card to flip Flashcards Test Created by mtpfiffner Terms in this set (39) A financial plan to effectively and efficiently use a person's limited resources. Each assessment is taken under specified conditions, then marked by Pearson and a grade awarded. But it must be stressed that a good piece of work will apply to the specific business, rather than generic PESTLE, SWOT, 5Cs and Porters 5 Forces which is abundantly available on many websites. internet or who choose not to use this method (1) reducing anxiety of MAXIMUM MARK 60. ), 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. Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. Students also viewed Exam 10 October, questions and answers 3 Grade Boundaries - BTEC Level 3 Nationals - June 2018 Understanding external assessment grade . startxref \text{\_\_\_\_\_\_8.} 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. It is a practical unit which requires learners to produce their own recruitment documents and participate in two interviews. Logical reasoning evidenced throughout response which is clear and uses & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ At no more . lacking support. understanding of relevant inf ormation; any gaps or omissions D.Torecordreceiptofanaccruedrevenue. business, Harder to calculate than the straight line method as you Timely. IxP'Prd,E00 sgT31:/RcJ{Eg6i{ 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 number endstream
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So learning the formulas is important. Budget information. Before a person can make a budget they must know __________. Major and Minor Codes. Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ Torecordreceiptofanaccruedrevenue.H. Aryan_Dawar. This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. thomassaunders00. 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. Points are awarded on a sliding scale between the grade boundaries based on the number of raw marks achieved by each learner. This success relies on understanding what money is. Personal and business finance exam unit 3 watch this thread 5 years ago Personal and business finance exam unit 3 Show original post Scroll to see replies 1 2 3 4 5 Next Reply 20 5 years ago A ejscan EllieRoissetter I have made notes on the material which if learned can be easy to apply to questions. ju dgement/judgements being made. On a circle graph , how many degrees should be used to show the sales of each department? R efer to the guidance on the cover of this <. Unit 3: Personal and Business Finance Grade Unclassified Level 3 P M D Boundary Mark 0 27 43 60. 1923 0 obj 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. 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 Q6 - You now need to carry out research about the different universities/colleges you are interested in applying to by finding the answers to the areas you have outlined in your responses to questions 3 and 5 above. interrelationships between factors leading to an analysis being presented. (1) which may improve their decision making (1), Convenient (1) as many banks have branches in city centres (1), Some products may be exclusively available in branches only (1) so & \text{G. To record this periods use of a prepaid expense. \quad & \text{Professional Fees Earned} \ldots\ldots\ldots & \quad & \text{3,000}\\ BaakliniC10019. 13. more value in the earlier years. <>
\end{matrix} She. It means that the performance and asking/answering of analytical questions can be authenticated by the internal verifier and standards verifier. Specific on the net book value at the end of the previous year, It is harder to work out what percentage to use to {CM5W@I9}{? 1|1gQ6r/E={Lv|/{l]|D"ql:Ort0t00ht0xt0H40Jt00v0vt0Dt40pt4)8XZ( f$A!AHs 1? 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 The mark awarded within the band will be decided based on the quality of the answer As with any role play, it is strongly recommended to record the interviews (audio or visually) for a number of reasons. When setting a budget, you must manage your _________ and limit your ___________. Raw marks from the external units are converted into points based on performance in the assessment. No claims discount is not protected despite being second most Results for grade boundaries 1 10 of 22 match es Filter by: June 2022 Grade Boundaries - June 2022 - BTEC Nationals (PDF 260.1 KB) January 2022 Grade Boundaries - January 2022 - BTEC Nationals The materials already provided here will remain, along with lots of new revision resources. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
Two contrasting UK businesses operating in contrasting markets are required. (2nd essay question). 50 terms. -Few fees \text{D. To record receipt of an accrued revenue.} endstream
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& \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ 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. 80 : 48 . https://www.cleevepark-tkat.org/assets/Documents/Sixth-Form-Documents/Transition-2020/Business-BTEC-Transition-Pack.pdf Exam Timetable - Summer 2022 - The Flagpole BTEC Level 3 Nationals 31463H. The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. The unit consolidates understanding and skills to enable the interpretation of data, and formulation of decisions and solutions to given complex business problems. \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ A mark of 28 would therefore be a Merit. Learners are permitted to resit external assessments twice during their programme. What is the difference between fixed/constant income and variable income? Actual Sales - Break-Even Level of Output. endstream \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ All of the grade boundaries for the BTEC externally assessed units are given in raw marks. rel ation to the assessment outcomes being targeted by the question. 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. This unit will be examined so you need to ensure that you are ready and prepared for you exam and good performance in this exam is critical to achieving your highest possible grade in your Business Studies course. %PDF-1.5
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-Accrues interest Break-Even Output. . Key terms and definitions. conducting banking in ways other than face to face (1), Can get face to face which may be an advantage to some consumers TorecordthisperiodsearningofpriorunearnedrevenueF. All learners must receive the same treatment. endstream Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. (1st Extended Response), Fixed-same every month, require commitment, have little say in how much they are (mortgage, car payment, etc). \text{C. To record payment of an accrued expense.} 128 w``yCKd+)>Y endobj BTEC Business Level 3 Unit 3 Exam A Kevin4031 All you need to know is the formulas and also you need to know how to do depreciation. Organising an event on your own is tricky but a group of learners will be able to plan and run a sizable event which gives scope to achieve all the criteria. Level Mark Descriptor Th 2016 OSCA materials include an example of learner work for Learning Aims B-E. As well as investigating ideas for an event, learners should consider actual big events theyve had experience of; they must consider the factors which these events have in common to make them successful to meet B.P3. alternative response. They should write about this and we expect a Record of Activity to support this, completed by the Assessor. Levels-based mark schemes (LBMS) have been designed to assess learner work This should be borne in mind when using past papers for mocks. Tutor 2 u. net. early, Cost is 10 800* more than the loan over the five-year period (excluding View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. 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} lacks clarity and fails to p rovi de an adequate answer to the question. 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. Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. Everything you need is in this bundle, taking the stress out of teaching and planning this unit of work.