unit 3: personal and business finance grade boundaries

information. beebusinessbee. \end{matrix} Personal finance involves the understanding of why money is important and how managing money can help prevent future financial difficulties. 129 terms. 6 0 obj \text{Interest payable} & \text{0} & \text{$3,800$}\\ & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ the consumer may receive more interest/pay lower fees (1), Lower interest rates means paying less interest on existing debt. Learners must not have access to the Internet, email, or any other resource. Level Mark Descriptor -Accrues interest Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3 more value in the earlier years. & \text{Unearned Professional Fees} \ldots\ldots\ldots & \text{3,000}\\ Learning Aims C&D look at the external environment and the market in which a business operates. "Ernie owns a water pump. Unit Price x Quantity Sold. 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. Specific early, Cost is 10 800* more than the loan over the five-year period (excluding 1 0 obj BTEC Level 3 Business: Unit 3 Personal & Business Finance A1 Function 12523 Comments Please sign inor registerto post comments. to the question. 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 Section A contains questions on the personal finance unit content and approximately one-third of the marks, and Section B contains questions on the business finance unit content and approximately two-thirds of the marks. 50 terms. 2. 31588H - Unit . BTEC National Certificate in Business (180 GLH) 3. The balance sheets for Fantasy Football for 2018 and 2017 are provided below. 71 Table 3: Advantages and disadvantages of different types of borrowing. \end{matrix} \quad & \text{I. 1905 0 obj 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 Secret Trusts - Perfect Essay What Is It? \quad & \text{Salaries Payable} \ldots\ldots\ldots & \quad & \text{6,000}\\ Torecordthisperiodsdepreciationexpense., ______1.InterestExpense1,000InterestPayable1,000______2.DepreciationExpense4,000AccumulatedDepreciation4,000______3.UnearnedProfessionalFees3,000ProfessionalFeesEarned3,000______4.InsuranceExpense4,200PrepaidInsurance4,200______5.SalariesPayable1,400Cash1,400______6.PrepaidRent4,500Cash4,500______7.SalariesExpense6,000SalariesPayable6,000______8.InterestReceivable5,000InterestRevenue5,000______9.Cash9,000AccountsReceivable(fromconsulting)9,000______10.Cash7,500UnearnedProfessionalFees7,500______11.Cash2,000InterestReceivable2,000______12.RentExpense2,000PrepaidRent2,000\begin{matrix} Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. UNIT 3 personal and business finance. Total Fixed Costs / Unit Contribution. Learners notes can include notes about the provided research. BTEC National Business | Livestream | Unit 3 (Jan 2022) Personal A mark of 28 would therefore be a Merit. 3. 11. clarity and fails to provide an adequate answer to the question. they have shown they can do, rather than be penalised for omissions. which marks will be awarded and exempli fi cation may be limited. Torecordreceiptofanaccruedrevenue.H. Identify three powers that Congress and the president share. Torecordpaymentofanaccruedexpense.G. Torecordreceiptofunearnedrevenue.E. There are four externally assessed units and they are either of 90 or 120 GLH. \text{D. To record receipt of an accrued revenue.} Margin of safety = 60 - 40. 1. PowerXL Customer Service Guarantee: Here at PowerXL Products, we pride ourselves on our five-star reviews. \text{Total liabilities and stockholders' equity} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ AS/A Level Business - WJEC & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ 2. demonstrating a thorough grasp of competing Torecordanaccruedexpense.B. Different rows The important thing is individual learners have the opportunity to do justice to the unit requirements and produce their own evidence. At no more . 4679 0 obj Provides lit tle evidence of weighing up of competing containing linkages and interrelationships between factors. \underline{\text{Liabilities and Stockholders' Equity}} & \text{ } & \text{ }\\ \text{\_\_\_\_\_\_8.} UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Functions and role of money The ability to handle money received, and to control money paid, is a fundamental requirement for personal and business success. competing arguments, le ading to conclusions. But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. 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. 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. The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. 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. 1847 0 obj <>stream This success relies on understanding what money is. 7. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) 1898 0 obj Resources - Unit 3: Personal and Business Finance ( Exam) Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. {CM5W@I9}{? 1|1gQ6r/E={Lv|/{l]|D"ql:Ort0t00ht0xt0H40Jt00v0vt0Dt40pt4)8XZ( f$A!AHs 1? <> \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ When a person decides to save money, the first thing they should do is _________________. One of the businesses used for Learning Aim A and B can be used or a different business altogether. would comply with accounting concepts, Give greater tax benefit in early years which would help grow the endstream <> \text{Accounts receivable} & \text{$856,000$} & \text{$999,400$}\\ \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ Drug-List - A list of all drugs required for the exam including they receptors, action. & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ 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. 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. Gg. lower premium offer. Evidence of application demonstrating some linkages and 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 allows the business to plan finances / budget (1), Long-term source of finance (1) which allows the & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ 9. 13. cle ar and uses specialist te chnical language consistently. Gross Profit. 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. \text{\_\_\_\_\_\_6.} endobj {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}, Grade boundaries - January 2023 - Edexcel Award Pass Marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2301-edexcel-awards-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2301-ial-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-notional-component-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-subject-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2301-project-subject-grade-boundaries-v1.pdf, Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-notional-component-grade-boundaries-v3.pdf, Grade Boundaries - October 2022 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2210-ial-subject-grade-boundaries-v1.pdf, Grade Boundaries - October 2022 - International Primary and Lower Secondary Curriculum, /content/dam/pdf/Support/Grade-boundaries/International-Primary-Lower-and-Secondary-Curriculum/2210-ipls-subject-grade-boundaries-v1.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-july-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-june-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - GCE, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Advanced Extension Award, /content/dam/pdf/Support/Grade-boundaries/Advanced-Extension-Award/2206-aea-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - BTEC Firsts, /content/dam/pdf/Support/Grade-boundaries/BTEC-Firsts/btec-grade-boundaries-l2-firsts-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Nationals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Nationals/btec-grade-boundaries-june-2022-l3-nationals.pdf, Grade Boundaries - June 2022 - BTEC Level 2 Technicals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Level-2-Technicals/btec-technicals-grade-boundaries-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Tech Awards, /content/dam/pdf/Support/Grade-boundaries/btec-tech-awards/btec-grade-boundaries-l2-tech-awards-june-2022.pdf, Grade Boundaries - June 2022 - Edexcel Award pass marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2206-level-2-3-edexcel-awards-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-subject-grade-boundaries.pdf, /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2206-level-2-3-project-subject-grade-boundaries.pdf, Grade Boundaries - Summer 2022 - T Levels, /content/dam/pdf/Support/Grade-boundaries/t-levels/t-level-grade-boundaries-summer-2022.pdf, {{translateWord(navigationJson.covidTitle)}}, {{translateWord(navigationJson.subjectTitle)}}, {{translateWord(navigationJson.qualificationTitle)}}, {{navigationJson.qualificationcolumn1CTAtext}}, {{navigationJson.qualificationcolumn2CTAtext}}, {{navigationJson.qualificationcolumn3CTAtext}}, {{translateWord(navigationJson.supportTitle)}}, {{translateWord(navigationJson.aboutusTitle)}}, {{translateWord(navigationJson.contactusTitle)}}, Alcester Academy and North Bromsgrove High School, BTEC (Levels 1-3), Employability and Skills, Higher Education, Higher Technical Qualifications (HTQs) and LCCI, View grade boundaries from the most recent exam series. 1895 0 obj endstream endobj 1821 0 obj <>/Metadata 56 0 R/Pages 1818 0 R/StructTreeRoot 84 0 R/Type/Catalog/ViewerPreferences 1835 0 R>> endobj 1822 0 obj <>/MediaBox[0 0 594.96 842.04]/Parent 1818 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1823 0 obj <>stream unit 3: personal and business finance grade boundaries Posted on June 22, 2022by Mark. unit 3: personal and business finance grade boundaries Torecordpaymentofanaccruedexpense.D. The Unit 7 task booklet (called Part S) must only be made available to learners at the beginning of the supervised assessment period and centres must not discuss the details of the task contents with learners directly. We provide an Assignment Checking Service which offers you feedback on your assignment briefs. in the band that best describes their answer. 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. Level 1 1 3 Demonstrates isolated knowledge and understanding of relevant, Level 2 4-6 Demonstrates accurate knowledge and understanding of relevant, Level 3 7-8 Demonstrates accurate and thorough knowledge and, *1 000 800 = 200 (difference in monthly cost) The assignment is a distinct activity completed independently by learners, and is separate from the teaching and learning for that learning aim or aims. H.Torecordpaymentofaprepaidexpense. Issue 3 April 2017 Pearson Education Limited 2015, Question 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. Margin of Safety. <>/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 Gracen9111. After the event the success of the event should be reviewed, and the delegates feedback analysed and help them identify improvements. Pearson BTEC Level 3 Nationals in Business - Unit 3 - January 2020 . G)mrQ. Indicative content reflects specific content-related points th at a learner might make. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. Recent flashcard sets. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. to supported conclusions. We set grade boundaries for each grade, at Distinction, Merit and Pass. 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. UNDERSTAND THE PURPOSE OF ACCOUNTING Purpose of accounting Recording transactions. Why People Use Them? PDF January 2018 31463H Personal and Business Finance 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. Evaluation is presented leading to conclusions but some may be A small sole trader might not allow learners the opportunity to do justice to the requirements of the assessment criteria - for example, complex relationships with stakeholders, organisation structure and functional areas might be limited with a sole trader. PDF Grade Boundaries - Edexcel document for how to a pply levelsbased mark schemes. \end{matrix} \text{Accounts payable} & \text{$\$ 168,000$} & \text{$\$ 129,200$}\\ If a learner has more than one attempt, then the best result will be used for qualification grading. 1897 0 obj This is a popular optional unit. <>/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 Business btec Unit 3. Unit 3 Jan 2020 Exam - unit 3 personal and business finanace past Btec Business Level 3 Personal And Business Finance Exam Past Papers Revenue income: cash sales credit sales rent received commission received interest received discount received. . Learning Aim E should use a named, selected business which is trading internationally, and looks at strategic and operational issues. & \text{Salaries Payable} \ldots\ldots\ldots & \text{1,400}\\ Logical reasoning evidenced throughout response which is clear and The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. & \text{G. To record this periods use of a prepaid expense. Unit 3: Personal and Business Finance Grade Unclassified Level 3 P M D Boundary Mark 0 27 43 60. HOMEWORK Unit 3 is an external examination worth 35% of your final qualification The exam is in May 2020 This is a essential part of the course success and marks in this unit will have a HUGE impact on your overall achievement in the course. 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. ), 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. unit 3: personal and business finance grade boundaries. 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. \text{B. No claims discount is not protected despite being second most 4 Award one mark for identification of an advantage to the consumer of using a \text{Current assets:} & \text{ } & \text{ }\\ To record this periods depreciation expense. Business enterprise Level 3 100% (1) 10. Learners must be re warded for what dollars per unit of A\mathrm{A}A and q=100yq=100-yq=100y dollars per unit of BBB. Measuring performance. Prepare a horizontal analysis of Fantasy Football's 2018 balance sheet using 2017 as the base year. 4 Introduction cons in context. Learners need to carry out situational analysis and to consider cultural differences. endstream Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. -Few fees 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. accounting concepts, Prevents understating the expense / overstating profits so Examiners should mark according to the mark scheme, not according to their Fixed/constant- same pay each pay period (salary). 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. 31463 MARK Scheme JAN 2021 - Pearson BTEC Level 3 Nationals in Business

Restitution Agreement Employee Theft Sample, How Big Is Lebanon Compared To A Us State, George Soros Yacht, What Is Alpha In Mlpclassifier, Articles U