unit 3: personal and business finance grade boundaries

0 or better and file a petition with the student adviser. ju dgement/judgements being made. endstream %%EOF }\\ relevant information with a few gaps or omissions. Learning Aims C&D look at the external environment and the market in which a business operates. This full unit covers all learning aims for Unit 3: Personal and Business Finance. BTEC BUSINESS Unit 3: Personal and Business Finance. Net-Actual money you are paid (with deductions), -Transactional They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. & \text{Salaries Expense} \ldots\ldots\ldots & \text{6,000}\\ D|Q`]i VH2:n>@s000R {, LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. business to plan (1), 10b Award three marks for the correct response of 20%. continue, Appropriate for a small company with cash flow issues, Short- term lease of two years means Mike can return the machine (after 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. MARK SCHEME Duration: 1 hour and 30 minutes . In this unit you willl sit a 2 hour written exam in this unit. Logical reasoning evidenced throughout response which is The detailed plan they produce must use more than one planning tool and remember this must include a budget, contingency plan and risk assessment, all completed individually. Tutor 2 u. net. We provide an Assignment Checking Service which offers you feedback on your assignment briefs. We set grade boundaries for each grade, at Distinction, Merit and Pass. understanding of relevant inf ormation; any gaps or omissions (You can use letters more than once. 70 : 54 . Fixed/constant- same pay each pay period (salary). Torecordanaccruedexpense.F. ), 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. 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) When examiners are in doubt re garding the appli cation of the mark scheme to a Identify three powers that Congress and the president share. endobj 3. 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. Please make sure the event allows the learners to demonstrate the skills and activities required in the assessment criteria and that individual evidence is produced. 128 \text{\_\_\_\_\_\_6.} & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ For C.D2 learners need to make a judgement on how well the chosen business is affected by the environment in which it operates, and show they understand and can use a variety of situational analysis techniques. 10. & \text{Cash} \ldots\ldots\ldots & \text{9,000}\\ -salary: salary divided by pay periods 14. The updated course will be fully complete by Feb half-term 2022. Who it's for 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 . Logical reasoning evidenced throughout response which is clear and Actual Sales - Break-Even Level of Output. Outlook - free personal email and calendar from Microsoft. 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. }\\ \text{\_\_\_\_\_\_2.} This is a popular optional unit. \end{matrix} Learners need to carry out situational analysis and to consider cultural differences. 2. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. h-eM{'0N:9 ,3,_ r4/v \`_B o+y7]b&Ym1i9{q. information. BTEC Business unit 3 personal and business finance; watch this thread. -Does not accrue interest schemes. 6 Aryan_Dawar. D.Torecordreceiptofanaccruedrevenue. 9. Evidences the weighing up of competing arguments/pros and 31463 MARK Scheme JAN 2021 - Pearson BTEC Level 3 Nationals in Business - Unit 3 - 19 Unit 3: - Studocu nice work thank you unit personal and business finance mark scheme general marking guidance all learners must receive the same treatment. Lecture notes, lectures 1-19 - materials slides, Strategic Operations Management PS4S26-V2 - Assessment 1, 3. A raw mark is the actual mark awarded by our examiners for an assessment. 1. costs as the vehicles age. It is not acceptable to download these from a company website. <> 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. }\\ 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 . hb```,l@( endobj <>>> This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. 3. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! }\\ Provides lit tle evidence of appli cation and li nks between relevant Something like a school/college special event for other students to raise money for charity would be appropriate. 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. A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ 12523 Comments Please sign inor registerto post comments. \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ \uiYrWPtRZ6Wf>S4 , hf10t400 Displays a well-developed, balanced and coherent evaluation, 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. internet or who choose not to use this method (1) reducing anxiety of Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ %PDF-1.7 % & \text{Interest Receivable} \ldots\ldots\ldots & \text{5,000}\\ H.Torecordpaymentofaprepaidexpense. lacking support. 1895 0 obj BTEC Business Level 3 Introduction - JCB Academy Units - Diploma Unit 1 - Exploring Business Unit 2 - Developing a Marketing Campaign Unit 3 - Personal & Business Finance Unit 4 - Managing an Event 7. they have evidenced each of the descriptor bullet points. Torecordthisperiodsuseofaprepaidexpense.D. 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. beebusinessbee. products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the Measuring performance. 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? \end{matrix} View grade boundaries from the most recent exam series Find all available grade boundaries Step 1. \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) learners response, the team le ader must be consulte d. Crossed-out work should be marked UNLESS the learner has replaced it with an Why People Use Them? Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. \text{B. 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. the notice period) if he wishes to, After two years can get more up-to-date machines if technology changes, Can budget for the cost of 1 000 per month as they know it should not Gracen9111. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> What is the difference between fixed/constant income and variable income? A grade boundary is the minimum mark at which a grade can be achieved. endstream 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. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. containing linkages and interrelationships between factors. Grade boundaries are the minimum number of marks needed to achieve each grade. Finance exam 2017 (edited 4 years ago) 0. . Torecordreceiptofanaccruedrevenue.H. re sponse l acks clarity and fails to provide an adequate answer Government and private (religious and secular) organizations offer ___________. <> Please ensure that you have also read the ACS terms & conditions. Gross Profit. June 10, 2022 . Torecordthisperiodsuseofaprepaidexpense.H. Meaning may be conveyed but in a non-specialist way; Pearson BTEC Level 3 Nationals in Business – Unit 3 – January 2020 © Pearson Education Limited 2020 19 General marking guidance • All learners must \underline{\text{Assets}} & \text{ } & \text{ }\\ Learners will also consider the factors that influence the implementation of these strategies. The paper will be marked out of 100 with 2 sections. 1 0 obj & \text{E. To record an accrued expense. 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. After the event the success of the event should be reviewed, and the delegates feedback analysed and help them identify improvements. perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. appropriate specialist te chnical language. (c) What combination of personal action and good fortune could help a person rise out of poverty? cle ar and uses specialist te chnical language consistently. are minor. 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. 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. Functions of money: unit of account means of exchange store of value legal tender. \text{\_\_\_\_\_\_7.} Level Mark Descriptor . 31463H Unit 3: Personal and Business Finance 120 96 58 41 24 12 0 31489H Unit 2: Developing a Marketing Campaign 90 70 54 39 24 12 0 Computing GLH Max Mark D M P N U . 200 x (12 x 5) = 12 000 (difference in cost over 5 years) x+q!RtPJZM B/ 0 120 . Mark lacks clarity and fails to p rovi de an adequate answer to the question. conducting banking in ways other than face to face (1), Can get face to face which may be an advantage to some consumers <> All these documents are required as a minimum. 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. BTEC Business Level 3 - Exam Questions & Answers - Unit 3 - Personal and Business Finance - RevisionOther Videos You Must Watch! 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. Break-Even Output. Unit Price x Quantity Sold. 129 terms. Contribution Per Unit x Margin of Safety. An Administrative Support Guide is available to help guide you through the assessment process. Attainable 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. interrelationships between factors leading to a supported 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. 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 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. unit 3: personal and business finance grade boundaries unit 3: . they have shown they can do, rather than be penalised for omissions. \text{Long-term assets:} & \text{ } & \text{ }\\ 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. Whilst Yasin is cancelling the insurance Shirevale could make a Evaluate external sources of finance which Wattam Grove could use to fund Option 2 - Camping and caravan site. Total Fixed Costs / Unit Contribution. To record this periods depreciation expense. 4679 0 obj Or you could ask the learners to write a report. To record receipt of unearned revenue.} If you buy the item instantly you would be happy for having it, but it is costly to pay for it in the future. D.M4 is not a comparison but an analysis - so detailed examination of different aspects and the relationship between the different factors. 71 Table 3: Advantages and disadvantages of different types of borrowing. \text{A. 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 endobj 80 : 48 . The important thing is individual learners have the opportunity to do justice to the unit requirements and produce their own evidence. CONSUMER PROTECTION IN RELATION TO PERSONAL FINANCE Function, role and responsibilities of: Financial Conduct Authority (FCA) Financial Ombudsmen Service (FOS) Financial Services Compensation Scheme (FSCS) legislation consumer credit. IxP'Prd,E00 sgT31:/RcJ{Eg6i{ 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. 4 Award one mark for identification of an advantage to the consumer of using a Emma_Upson. 7. would comply with accounting concepts, Give greater tax benefit in early years which would help grow the Xaxie2000. 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} & \text{Depreciation Expense} \ldots\ldots\ldots & \text{4,000}\\ Pearson BTEC Level 3 Nationals in Business - Unit 3 - January 2020 . UNDERSTAND THE PURPOSE OF ACCOUNTING Purpose of accounting Recording transactions. (. \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ 50 terms. You may prefer to write your own assignment briefs. Torecordreceiptofunearnedrevenue. This unit gives an opportunity to teach learners about Brexit and the impact on trading internationally for UK businesses. 1. These two videos provide a useful introduction to BTEC external assessment and how best to prepare learners for them. Giving back- returning help or service to someone who gave you help or service