unit 3: personal and business finance grade boundaries

31588H - Unit . interrelationships between factors leading to an analysis being presented. 2. 0 for how to apply levels-based mark schemes*. How does Ernies producer surplus change? dr awing on linkages and interrel ationships between factors. 15.00 Add to cart Share : Full description License Delivery & returns Business Assessment Resources Unit & Topic Assessments Something like a school/college special event for other students to raise money for charity would be appropriate. ), 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. %PDF-1.7 % \quad & \text{I. lower premium offer. Torecordthisperiodsuseofaprepaidexpense.H. mark for development: The interest rate is fixed (1) so the company does not products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the Realistic 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. startxref Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. Go to the question papers, mark schemes and examiners' reports. arguments/pros and cons in context; discussion likely to 128 information. GRADE . All learners must receive the same treatment. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. business, Harder to calculate than the straight line method as you 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. 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. assertions rather than supported by evidence. 0 or better and file a petition with the student adviser. An assignment is set after the content of specific learning aims has been delivered. cle ar and uses specialist te chnical language consistently. This also applies to organisation structure and aims and objectives. They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. \text{\_\_\_\_\_\_2.} 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. Conclusions may be p resented, but are li kely to be generic 14 terms. hbbd```b``fA$dr,~ endstream BaakliniC10019. Before a person can make a budget they must know __________. Torecordreceiptofunearnedrevenue. <> \text{\_\_\_\_\_\_7.} Legislation that regulates working conditions and rules in the United States. Version: 1 Date: 01/10/15 . stream 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 . Something like a raffle is too simple and not suitable. If you buy the item instantly you would be happy for having it, but it is costly to pay for it in the future. 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. Everything you need is in this bundle, taking the stress out of teaching and planning this unit of work. & \text{E. To record an accrued expense. (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 Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials Functions of money: unit of account means of exchange store of value legal tender. \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ Fixed/constant- same pay each pay period (salary). 1923 0 obj were: Training, 50%; Software, 30%; Repair Contracts, 15%; Hardware, 5%. What is the difference between fixed/constant income and variable income? ju dgement/judgements being made. Evaluation is presented leading to conclusions but some may be 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! Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . \text{Long-term assets:} & \text{ } & \text{ }\\ A company produces xxx units of commodity A\mathrm{A}A and yyy units of commodity B\mathrm{B}B. CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. Indicative content reflects specific content-related points th at a learner might make. Raw marks from the external units are converted into points based on performance in the assessment. Margin of safety = 60 - 40. Knowledge Organiser. h-eM{'0N:9 ,3,_ r4/v \`_B o+y7]b&Ym1i9{q. \end{matrix} Money you have earned (may or may not be physical). Break-Even Output. Unit Price x Quantity Sold. Torecordthisperiodsdepreciationexpense.\begin{matrix} endobj 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. Learners must not have access to the Internet, email, or any other resource. Education Limited 2015, Level Mark Award up to 6 marks. Raw mark scores can be downloaded by Exams Officers from Edexcel Online. \text{Accounts receivable} & \text{$856,000$} & \text{$999,400$}\\ they have shown they can do, rather than be penalised for omissions. 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. Discussion is partially developed, but will be imbalanced. Government and private (religious and secular) organizations offer ___________. Torecordanaccruedexpense.B. 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. <>>> \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{4,500}\\ 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. Examiners must mark the first learner Learners can use their time with Part A to annotate the research pack and to prepare up to two sides of A4 notes to take into the Part B supervised assessment. holistically. Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. 2 0 obj so lower amounts being paid will improve cash flow (1), Repayments / interest payments are fixed (1) which Show these changes in your So, this unit works best if learners choose contrasting businesses which originate in the UK. 1820 0 obj <> endobj \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ 11. 1898 0 obj vocabulary 4. 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. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! %%EOF Levels-based descriptors articulate the skills that a learner is likely to demonstrate in startxref Mark scheme (award up to 8 marks) refer to the guidance on the cover of this document View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? & \text{Interest Receivable} \ldots\ldots\ldots & \text{5,000}\\ Why People Use Them? lacks clarity and fails to p rovi de an adequate answer to the question. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The contrast is in the features: ownership and liability, or size, or sector or purpose. M$ P| yI/$I/P JmX$) X=K$}* 7J-G oIg,D o|$*I M$=] So for LA C, the learners should be aiming for C.D2 where they are recommending one country for a business to operate in. Paying forward- idea of taking things you have learned and been given and passing it on to another person <> We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. SCORES and Grade POINTS TARGET! costs if machinery breaks down. \quad & \text{Professional Fees Earned} \ldots\ldots\ldots & \quad & \text{3,000}\\ They should produce a survey for delegates to analyse. Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3 Personal and Business Finance (31463 H) BTEC Level 3 National in Business Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3 Personal an. \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{1,400}\\ Unit 11 Relationship Marketing Issue 2.pdf 13. R efer to the guidance on the cover of this \text{Stockholders' equity:} & \text{ } & \text{ }\\ Logical reasoning evidenced throughout response which is Learners may resit an external assessment to obtain a higher grade of near pass or above. The same business can be used for cultural aspects and adapting processes and products for different markets for Learning Aim E. For LAs C&D learners need to select a business which could consider operating in two different countries. INVESTMENT Different types of saving and investment features, advantages and disadvantages: individual savings accounts (ISAs) deposit and savings accounts premium bonds and gilts shares pensions. Examiners should mark according to the mark scheme, not according to their 4 0 obj \text{B. 5 years ago. unit 3: personal and business finance grade boundaries 03 Jun. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) The reason for this is because in the unit specification, A3 covers support for business operating internationally and this has to be analysed for A.M1. interrelationships between factors leading to a TorecordthisperiodsearningofpriorunearnedrevenueF. What is the formula for calculating simple interest? Revenue. \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ Displays a well-developed, balanced and coherent evaluation, ______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. Torecordanaccruedrevenue.C. 1896 0 obj Analysis likely to consist of basic description of information. Learners have to plan and stage the event to showcase their organisational and management skills. Gives you security in case something happens <>stream Planning tools, such as cash flow forecasts and break-even, will be prepared and analysed and measuring the financial performance of a business will require learners to prepare and analyse statements of comprehensive income and statements of financial position. Torecordpaymentofanaccruedexpense.D. %PDF-1.5 % The point is that learners have to explain the main features of globalisation and if the businesses are similar, then they won't have much scope to consider the features indicated in section B1. AS Business Book: Year 1 - Opportunities and Functions. beebusinessbee. 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 Refer to the guidance on the cover of When setting a budget, you must manage your _________ and limit your ___________. not made a claim, Current provider might not be giving him as good a deal as new A. repair costs), Machine is owned and is an asset and shown on the Statement of Financial Torecordpaymentofaprepaidexpense.I. x+q!RtPJZM B/ Learning Aims; A Understand the costs involved in business and how businesses make a profit B Understand how businesses plan for success BTEC National Certificate in Business (180 GLH) Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. -Used frequently relevant information; there may be major gaps or omissions. Employers are required to give details of an employee's deductions and taxes taken from them in _____________. Job Application Form Template word. 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? BTEC Business unit 3 personal and business finance. Includes repair costs so peace of mind knowing that production should . \text{Inventory} & \text{$1,900,000$} & \text{$1,349,000$}\\ are minor. perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. Issue 3 April 2017 Pearson Education Limited 2015. Stakeholders of each business should be similarly given equal consideration and their influence should be relevant to each business. endobj Mark & \text{H. To record payment of a prepaid expense. 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 \quad & \text{Salaries Payable} \ldots\ldots\ldots & \quad & \text{6,000}\\ In this unit you willl sit a 2 hour written exam in this unit. feature), No claims discount is protected may save money in the future if 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 & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ Gross Profit. appropriate specialist te chnical language. Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. Management of business (planning, monitoring and controlling). BTEC BUSINESS Unit 3: Personal and Business Finance. <. will need to recalculate the expense each year figure based (a) What are the most recognized causes of poverty? If a learner has more than one attempt, then the best result will be used for qualification grading. Section B the part with all formulas is 2/3 of the marks for the WHOLE paper. (. \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ 4 Introduction wEleet+MHEp2!EtQFbp(]zDUVQF:zDr}U.XihBv)H~/dKo"H3E}r1HUUVPFQ.qFIO8#PFt*e)Z=SBg:kI D7$_)wmhz8[5 Marks will be awarded towards the top or bottom of that band depending on how On a circle graph , how many degrees should be used to show the sales of each department? When a person decides to save money, the first thing they should do is _________________. competing arguments, le ading to conclusions. 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. 12 000 1 200 = 10 800 (deduction of delivery cost), Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Introductory Econometrics for Finance (Chris Brooks), Public law (Mark Elliot and Robert Thomas), Human Rights Law Directions (Howard Davis), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. 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. 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 Meaning may be conveyed but in a non-specialist way; We provide an Assignment Checking Service which offers you feedback on your assignment briefs. 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. 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. 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. Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. Last year's sales in 4 departments of the Grand Solutions Computer Company unit 3: personal and business finance grade boundaries Posted on June 22, 2022by Mark. }\\ The important thing is individual learners have the opportunity to do justice to the unit requirements and produce their own evidence. 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 Unit 3: Personal and Business FinanceThe exam. php/business-qualifications/btec-nationalsbusiness-level-3/btec-nationals-2016 www. \text{Common stock} & \text{$786,600$} & \text{$786,600$}\\ Flower; Graeme Henderson), Tort Law Directions (Vera Bermingham; Carol Brennan), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), unit 3 personal and business finanace past papers exams questions, Fundamentals OF Financial Accounting - BA3 EXAM Revision KIT, Fundamentals OF Managemnet Accounting - BA2 EXAM Revision KIT, Unit 5 Final Sumission - Cell biology, illustrated report, Unit 10 Illustrated Report Human Reproduction, Growth and Development, Unit 7 Human Nutrition and DIgestive System, PHARMACY AND MEDICINES MANAGEMENT (PHMM53), Managerial Accounting for Decision Making (MSIN7016), Constitutional and Administrative Law (LW1120), Mathematics for Computer Scientists 1 (CS130), Public Int & Humanitarian Law (LAW-40460), Introduction to Literature: Ways of Reading (CC4301), Foundations of Occupational Therapy (160OT), Introduction to English Language (EN1023). Repair costs if needed are not covered by loan so could add to overall 31489H - Unit 2: Developing A Marketing Campaign : 90 . Business enterprise Level 3 63% (8) 14. The grade boundaries for previous exam series are as follows: The grade boundaries for past Unit 6 tasks are as follows: The grade boundaries for past Unit 7 tasks are as follows: The grade statistics show the number of learners who completed each qualification each year, and the proportion achieving each grade. They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. number They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. 3. early, Cost is 10 800* more than the loan over the five-year period (excluding These plans must not be submitted as part of the learners work and will not be marked by examiners. 9. interrelationships between factors leading to a supported Please ensure that you have also read the ACS terms & conditions. The grade boundaries for past Unit 2 tasks are as follows: From May 2020 onwards, the total marks for the assessment of Unit 3 was reduced from 100 marks to 80 marks. Torecordthisperiodsuseofaprepaidexpense.D. \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ 1895 0 obj A grade boundary is the minimum mark at which a grade can be achieved. They will be able to predict probable consequences, identify faulty arguments or misrepresentations of information or data, compare information and data, provide reasonable alternatives, and evaluate and justify proposed solutions. Learners should note interview responses when in the interviewer role and make a decision on whether to recruit. Business enterprise Level 3 100% (1) 10. Major and Minor Codes. 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: hb```,l@( For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. \uiYrWPtRZ6Wf>S4 , hf10t400 Net-Actual money you are paid (with deductions), -Transactional Where some judgement is required, mark schemes will provi de the principles by INFORMATION GUIDANCE AND ADVICE Function, role and responsibilities, advantages and disadvantages of: Citizens Advice independent financial advisor (IFA) price comparison websites debt counsellors Individual Voluntary Arrangements (IVAs) bankruptcy. <>/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 1897 0 obj %%EOF Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. Evidences thorough appli cation leading to balanced evalu ation hVmo6+>$@Im@ M(AMG-e~V,;Z+-'sB Tr'A@ Unit 3: Personal And Business Finance . Ratio's. 30 terms. lacking support. \text{\_\_\_\_\_\_5.} business to plan (1), 10b Award three marks for the correct response of 20%. % DIFFERENT WAYS TO PAY The use of money as a payment method, advantages and disadvantages of: cash debit card credit card cheque electronic transfer direct debit standing order pre-paid cards contactless cards charge cards store cards mobile banking Bankers Automated Clearing Services (BACS) Faster Payments Service (FPS) Clearing House Automated Payment System (CHAPS). 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.