unit 3: personal and business finance grade boundaries

(2nd essay question). One of the businesses used for Learning Aim A and B can be used or a different business altogether. 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. 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. examiners must mark Skip to document Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Btec Business Level 3 Personal And Business Finance Exam Past Papers Analysis likely to consist of basic description of information. UNDERSTAND THE PURPOSE OF ACCOUNTING Purpose of accounting Recording transactions. unit 3: personal and business finance grade boundaries 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$3,800,000\text{FANTASY FOOTBALL}\\ \text{Balance Sheets}\\ \text{December 31}\\ \begin{matrix} Education Limited 2015, Level Mark Award up to 6 marks. Btec business unit 3 - 10 pdf files | Past Papers Archive startxref Learners must be re warded for what Gracen9111. Mark This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. wEleet+MHEp2!EtQFbp(]zDUVQF:zDr}U.XihBv)H~/dKo"H3E}r1HUUVPFQ.qFIO8#PFt*e)Z=SBg:kI D7$_)wmhz8[5 Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. Evidences thorough application leading to a balanced analysis % Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. Examiners should first make a holi stic judgement on which band most closely Learning Aims; A Understand the costs involved in business and how businesses make a profit B Understand how businesses plan for success information. PDF Grade Boundaries January 2022 - Edexcel ______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. are minor. 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. 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. & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ \text{\_\_\_\_\_\_7.} The staging of the event is covered in Learning Aim D and the review of the event is covered in Learning Aim E, and this work should be done after the event itself. Explain why instant gratification is often temporarily joyful but costly in the future. UNDERSTAND THE IMPORTANCE OF MANAGING PERSONAL FINANCE Role of money is affected and influenced by a number of factors: personal attitudes towards risk and reward, borrowing, spending and saving life stages (childhood, adolescence, young adult, middle age, old age), key features of each stage, financial needs and implications at each stage culture, including religious and ethical beliefs life events can vary the personal life cycle from individual to individual external influences/trends and the financial-related effects interest rates, cost of borrowing versus reward of saving. Learning Aim E should use a named, selected business which is trading internationally, and looks at strategic and operational issues. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ Provides lit tle evidence of appli cation and li nks between relevant 3. endobj Torecordreceiptofanaccruedrevenue.E. The BTEC Centre Guides below provide guidance on how to run the assessment of internally assessed units. \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{1,400}\\ would comply with accounting concepts, Give greater tax benefit in early years which would help grow the depreciate over the assets lifetime, Will produce lower profit figures in the early years in the Go to the question papers, mark schemes and examiners' reports. Margin of safety = 60 - 40. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) 39 : 25 . Functions of Money - BTEC Unit 3: Personal and Business Finance 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. 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They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. 7. & \text{Depreciation Expense} \ldots\ldots\ldots & \text{4,000}\\ 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. Something like a school/college special event for other students to raise money for charity would be appropriate. costs if machinery breaks down. hb```df B,`q( 1uBHu{9.#[(` \end{matrix} Logical reasoning evidenced throughout response which is clear and uses 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. BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). ju dgement/judgements being made. INCOME TYPES OF INCOME Capital income: loan mortgages shares owners capital debentures. \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ Break-Even Output. \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ \text{A. 2. lower premium offer. B. demonstrating a thorough grasp of competing arguments, leading 12 : 0 . Measuring performance. Budget Torecordanaccruedrevenue.G. %PDF-1.6 % \text{Accounts payable} & \text{$\$ 168,000$} & \text{$\$ 129,200$}\\ The Accounting minor provides students with a comprehensive accounting background; admission is competitive and based on overall UCLA grade-point average, grade-point average in pre-admission courses, and grades in Management 1A and 1B. 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. We dont want comprehensive coverage of one business with sparse coverage in the contrasting business. Learners must not have access to the Internet, email, or any other resource. Learners should note interview responses when in the interviewer role and make a decision on whether to recruit. The AAB asks for a presentation, but if this will be difficult to manage if you have a large number of learners in the class, you do not have to stick with this instruction. specialist technical language. Displays a well-developed and balanced discussion, We want to see a valid analysis of key factors, including awareness of the importance of contingency planning for C.M3. Different insurance products: products (car, home and contents, life assurance and insurance, travel, pet, health) different types of insurance policy for each product features of different types of insurance advantages and disadvantages of different types and features. Content area A UNIT 3. allows the business to plan finances / budget (1), Long-term source of finance (1) which allows the BTEC Business unit 3 personal and business finance Preparation for the interview should be researching suitable questions, what to wear, travelling, demeanour etc and the role plays should be as realistic as possible. business, Harder to calculate than the straight line method as you 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. View more University Ursuline College Course Bioethics (PH 260) Uploaded by sarah her Academic year2015/2016 Helpful? Identify three powers that Congress and the president share. thomassaunders00. Torecordthisperiodsdepreciationexpense.\begin{matrix} clarity and fails to provide an adequate answer to the question. \text{Long-term assets:} & \text{ } & \text{ }\\ This success relies on understanding what money is. Different rows Paying forward- idea of taking things you have learned and been given and passing it on to another person <> Major and Minor Codes. All of the forms required for assessment and verification can be downloaded from the web site. Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. Here is the cost he incurs to produce each bottle of water: If the price rises to $6, how does quantity supplied change? 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. 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. (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 They should be thinking about future interviews and career development in this learning aim. Actual Sales - Break-Even Level of Output, Opening Inventory + Purchases - Closing Inventory, Non-Current Liabilities + Net Current Assets - Long Term Liabilities, Current Assets - Inventory/ Current Liabilities, Average Inventory Turnover/Cost of Sales x 365, BTEC Level 3 Business: Unit 3 - Personal & Bu, BTEC Business Revision Unit 3 - Personal and, BTEC Business- Unit 3 Finance revision exam, Business Unit 3 Personal and Business Finance, Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Charles T. Horngren, Madhav V Rajan, Srikant M. Datar, LIFE Exam- Chapter 3, Life Insurance Policies, Psych Mod 62- Dynamics of intelligence+ Genet. \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ \quad & \text{Prepaid Rent} \ldots\ldots\ldots & \quad & \text{2,000}\\ Supply and demand curves are illustrative, but they should be clearly explained, and referenced. <>stream What is the formula for calculating simple interest? demonstrating a thorough grasp of competing 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. Torecordanaccruedexpense.B. Select a qualification BTEC Nationals Change Step 2. 15.00 Add to cart Share : Full description License Delivery & returns Business Assessment Resources Unit & Topic Assessments Indicati ve content <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> As with any role play, it is strongly recommended to record the interviews (audio or visually) for a number of reasons. The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. Personal finance involves the understanding of why money is important and how managing money can help prevent future financial difficulties. Logical reasoning evidenced throughout response which is Functions of money: unit of account means of exchange store of value legal tender. 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BTEC Business- Unit 3 Finance revision exam Flashcards - Quizlet \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ Evaluation is presented leading to conclusions but some may be cons in context. Level Mark Descriptor Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . Businesses like Coca Cola, Apple, Nike are not good choices for this unit. COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. Torecordpaymentofanaccruedexpense.D. Learners need to bring out the contrast in the ways they operate internationally. -Have various fees, -Investment Torecordreceiptofunearnedrevenue. When using a levels-based mark scheme, the be st fit approach should be used. Timely. 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. supplier trying to get him to switch. }\\ }\\ 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. 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 . Show these changes in your 4 Award one mark for identification of an advantage to the consumer of using a & \text{H. To record payment of a prepaid expense. 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?

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