120 . %PDF-1.6 % This unit will also give learners an insight into where they can get financial advice and support. Waiting to buy something that you want until you can truly afford it. There is also a sister page to support you in the delivery of this qualification. endobj perception of where the grade boundaries may lie. \text{D. To record receipt of an accrued revenue.} 6 0 obj %PDF-1.5 % The controlled conditions for this unit allow learners to: Learners must not have access to the Internet, email, or any other resources aside from their permitted notes. Torecordthisperiodsdepreciationexpense. 128 After the event the success of the event should be reviewed, and the delegates feedback analysed and help them identify improvements. containing linkages and interrelationships between factors. \text{Long-term assets:} & \text{ } & \text{ }\\ Learners could use one of the businesses used for Learning Aims A&B, or choose a different business altogether. An Administrative Support Guide is available to help guide you through the assessment process. 8. \text{\_\_\_\_\_\_6.} perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. Unit Price x Quantity Sold. The business finance aspects of the unit introduces learners to accounting terminology, the purpose and importance of business accounts and the different sources of finance available to businesses. 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 This includes, but is not limited to offline versions of: Learners are not permitted to take notes or any other materials into the Part S supervised assessment period but they may have access to blank paper and pens to jot down ideas or sketch out plans. Aryan_Dawar. com is an ad-free, private search engine that you control. ______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. Emma_Upson. 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. /t geo o#?ui4uoJ>Nkm`rz7qc5lVu3&S[C`=RF>_0|\6/5 Raw mark scores can be downloaded by Exams Officers from Edexcel Online. It is a practical unit which requires learners to produce their own recruitment documents and participate in two interviews. \text{Total assets} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ mark for development: The interest rate is fixed (1) so the company does not Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. Part A introduces learners to the context and is released before the Part B is taken. Gives you security in case something happens It should be a job realistic for someone following a National in Business, so a managerial position may be aspirational, but it isnt suitable. Money you have earned (may or may not be physical). \end{matrix} & \text{Cash} \ldots\ldots\ldots & \text{7,500}\\ \text{Interest payable} & \text{0} & \text{$3,800$}\\ feature), No claims discount is protected may save money in the future if cons in context. x+q!RtPJZM B/ not made a claim, Current provider might not be giving him as good a deal as new 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. It is not acceptable to download these from a company website. 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. This also applies to organisation structure and aims and objectives. w``yCKd+)>Y 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. 11d Award two marks for the correct answer of 20 units, Award one mark for the formula in either words of figures, Margin of safety = expected output break-even quantity Supply and demand curves are illustrative, but they should be clearly explained, and referenced. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> Secret Trusts - Perfect Essay What Is It? 100 marks available Torecordpaymentofaprepaidexpense.I. 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 costs as the vehicles age. 1. }\\ Measuring performance. 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. Outlook - free personal email and calendar from Microsoft. BTEC BUSINESS Unit 3: Personal and Business Finance. We provide an Assignment Checking Service which offers you feedback on your assignment briefs. endobj Attainable competing arguments, le ading to conclusions. 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. Eswatini (/ s w t i n i / ESS-wah-TEE-nee; Swazi: eSwatini [swtini]), officially the Kingdom of Eswatini and formerly named Swaziland (/ s w z i l n d / SWAH-zee-land; officially renamed in 2018), is a landlocked country in Southern Africa.It is bordered by Mozambique to its northeast and South Africa to its north, west, south, and southeast. Unit 3: Personal and Business Finance - sample mark scheme General marking guidance All learners must receive the same treatment. . endobj & \text{Interest Receivable} \ldots\ldots\ldots & \text{5,000}\\ unit 3: personal and business finance grade boundaries. Sm,I N-&K$} n{zS$IP D%IS xa$I_|e #QIW&. Logical reasoning evidenced throughout response which is A grade boundary is the minimum mark at which a grade can be achieved. lower premium offer. BTEC Level 3 Business: Unit 3 - Personal & Busines 29 terms. \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ Mark SPECIMEN . learners response, the team le ader must be consulte d. Crossed-out work should be marked UNLESS the learner has replaced it with an 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. -Limited in transactions. <>/MediaBox[0 0 595.44 841.68]/Parent 1893 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> depreciate over the assets lifetime, Will produce lower profit figures in the early years in the \text{Retained earnings} & \underline{2,209,400} & \underline{2,044,400}\\ 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 (1st Extended Response), Fixed-same every month, require commitment, have little say in how much they are (mortgage, car payment, etc). Students also viewed Exam 10 October, questions and answers Gg. Break-Even Output. stickman swing cool math; ufc gym plantation; how to send certified mail with return receipt; bronwydd house porth history Levels-based mark schemes (LBMS) have been designed to assess learner work 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. What is the difference between fixed/constant income and variable income? \quad & \text{Interest Receivable } \ldots\ldots\ldots & \quad & \text{2,000}\\ Grade boundaries are the minimum number of marks needed to achieve each grade. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! wEleet+MHEp2!EtQFbp(]zDUVQF:zDr}U.XihBv)H~/dKo"H3E}r1HUUVPFQ.qFIO8#PFt*e)Z=SBg:kI D7$_)wmhz8[5 10. ju dgement/judgements being made. 4 Introduction Demonstrates the use of logical reasoning, clarity, and appropriate Issue 3 April 2017 Pearson Education Limited 2015. The contrast could be in terms of sector, purpose or size and the markets will be developing or developed. B. 12 : 0 . 80 : 48 . Evidences thorough appli cation leading to balanced evalu ation hb```,l@( Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. }\\ information. & \text{E. To record an accrued expense. will need to recalculate the expense each year figure based Personal and Business Finance. How does Ernies producer surplus change? They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. 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. 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. (2nd essay question). 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. endstream They should be thinking about future interviews and career development in this learning aim. \text{ } & \text{2018} & \text{2017}\\ \hline They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. beebusinessbee. uses specialist te chnical language consistently and fluently. \text{Supplies} & \text{$124,000$} & \text{$87,400$}\\ They should produce a survey for delegates to analyse. \uiYrWPtRZ6Wf>S4 , hf10t400 the consumer may receive more interest/pay lower fees (1), Lower interest rates means paying less interest on existing debt. 1. Gives a more realistic valuation of the vehicles as they lose 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. Pearson BTEC Level 3 Nationals in Business &ndash; Unit 3 &ndash; January 2020 &copy; Pearson Education Limited 2020 19 General marking guidance &bull; All learners must 70 : 54 . MARK SCHEME Duration: 1 hour and 30 minutes . <. The contrast is in the features: ownership and liability, or size, or sector or purpose. The cost (in dollars) of producing these units is given by the joint-cost function C(x,y)=x2+xy+y2C(x, y)=x^2+x y+y^2C(x,y)=x2+xy+y2. 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 . need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. 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. in the band that best describes their answer. Evaluation is presented leading to conclusions but some may be Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. Last year's sales in 4 departments of the Grand Solutions Computer Company 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). Why People Use Them? 2. G)mrQ. A more mundane business, like Aldi, offers more potential. \text{\_\_\_\_\_\_7.} }\\ 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$3,800,000\text{FANTASY FOOTBALL}\\ \text{Balance Sheets}\\ \text{December 31}\\ \begin{matrix} Learners are permitted access to any relevant software to enable them to complete the Part S task. To record receipt of unearned revenue.} Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. TorecordthisperiodsearningofpriorunearnedrevenueF. 3. Recent flashcard sets. hbbd```b``fA$dr,~ allows the business to plan finances / budget (1), Long-term source of finance (1) which allows the The balance sheets for Fantasy Football for 2018 and 2017 are provided below. Part S is completed on a computer. What should xxx and yyy be to maximize profit? The learners have to complete two SWOTs for the interviewer and interviewee roles and from this information, prepare a personal skills development plan. Learners should always show their individual knowledge with their own detailed speaker notes - if they choose to do a group presentation. Please ensure that you have also read the ACS terms & conditions. business to plan (1), 10b Award three marks for the correct response of 20%. Identify three powers that Congress and the president share. . (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 Summer 2023 Series: English Language A2 Unit 3 Examination: 17 Aug: AS/A Level Results Day : Get the latest subject updates Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. Evaluate external sources of finance which Wattam Grove could use to fund Option 2 - Camping and caravan site. The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. All of the grade boundaries for the BTEC externally assessed units are given in raw marks. Specific unit 3: personal and business finance grade boundaries unit 3: . Ratio's. 30 terms. 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. They should write about this and we expect a Record of Activity to support this, completed by the Assessor. specialist technical language consistently. During the staging of the event, learners must show that they have played a part in managing aspects of the day. 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. When examiners are in doubt re garding the appli cation of the mark scheme to a \text{Current liabilities:} & \text{ } & \text{ }\\ php/business-qualifications/btec-nationalsbusiness-level-3/btec-nationals-2016 www. Torecordpaymentofanaccruedexpense.D. For Learning Aim D, business markets are the focus: D.D3 requires an evaluation of how changes in the market have impacted on a business, and how this might affect the reaction of the business to future changes. Show these changes in your 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. All these documents are required as a minimum. When using a levels-based mark scheme, the be st fit approach should be used. 4 0 obj Torecordreceiptofunearnedrevenue.B. 31588H - Unit . ~=~z5Xfq\E[\Q|n+8!u_>) \quad & \text{Prepaid Insurance} \ldots\ldots\ldots & \quad & \text{4,200}\\ \end{matrix} \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ 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. Everything you need is in this bundle, taking the stress out of teaching and planning this unit of work. So for LA C, the learners should be aiming for C.D2 where they are recommending one country for a business to operate in. endobj CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. in exactly the same way as t hey mark the last. business of using a debenture as a source of income and one Stakeholders of each business should be similarly given equal consideration and their influence should be relevant to each business. !BTEC Business Unit 3 Formula.
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