uses specialist te chnical language consistently and fluently. 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 A company produces xxx units of commodity A\mathrm{A}A and yyy units of commodity B\mathrm{B}B. Meaning may be conveyed but in a non-specialist way; response lacks 1833 0 obj <>/Filter/FlateDecode/ID[<0BC5FEDC42DE804896A605C58003AB09>]/Index[1820 28]/Info 1819 0 R/Length 83/Prev 341460/Root 1821 0 R/Size 1848/Type/XRef/W[1 3 1]>>stream But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. UNIT 3: PERSONAL AND BUSINESS FINANCE THE EXAM. The event itself must be sufficiently complex. The updated course will be fully complete by Feb half-term 2022. Who it's for G.Torecordthisperiodsuseofaprepaidexpense. Gross Profit. vocabulary 4. which marks will be awarded and exempli fi cation may be limited. Legislation that regulates working conditions and rules in the United States. If a learner has more than one attempt, then the best result will be used for qualification grading. 10. How does Ernies producer surplus change? 12 ; Merit 15 20 . Prevents overstating the vehicles value so would comply with To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. (DUH1q-}"w|2}> ,T*'+` h9s demonstrating a thorough grasp of competing Show these changes in your Revenue income: cash sales credit sales rent received commission received interest received discount received. 14. \text{Inventory} & \text{$1,900,000$} & \text{$1,349,000$}\\ 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. endobj \quad & \text{Cash} \ldots\ldots\ldots & \quad & \text{1,400}\\ We provide an Assignment Checking Service which offers you feedback on your assignment briefs. Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. Repair costs if needed are not covered by loan so could add to overall M$ P| yI/$I/P JmX$) X=K$}* 7J-G oIg,D o|$*I M$=] After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. 1847 0 obj <>stream Torecordthisperiodsdepreciationexpense.\begin{matrix} & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ 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. endstream 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. Business. Unit 3 Personal & Business Finance: Identify question Jan 2018 Enterprise, Economics & Business 5.99K subscribers Subscribe 6.5K views 4 years ago A video outlining how to answer the. SCORES AND GRADE POINTS TARGET ! Learners are permitted to resit external assessments twice during their programme. 100 marks available You will get a calculator EVERY mark counts!! There are four externally assessed units and they are either of 90 or 120 GLH. endobj You may prefer to write your own assignment briefs. 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 (. We have provided Authorised Assignment Briefs (AABs) which you can download and use with your learners. \text{\_\_\_\_\_\_4.} \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ securely all bullet points are displayed at th at band. They should be thinking about future interviews and career development in this learning aim. It should be a job realistic for someone following a National in Business, so a managerial position may be aspirational, but it isnt suitable. Conclusions may be p resented, but are li kely to be generic So learning the formulas is important. Position increasing the value of the business, Works out 10 800* cheaper (ignoring repair costs) over the life, Interest rates could fall which would reduce the cost, Significant deposit might be required that the business may not have, Could lose the property if it defaults on the loan repayments, Additional installation and delivery cost, which will need to be funded stream \text{\_\_\_\_\_\_ 3.} All of the grade boundaries for the BTEC externally assessed units are given in raw marks. . -Limited in transactions. The unit consolidates understanding and skills to enable the interpretation of data, and formulation of decisions and solutions to given complex business problems. understanding of relevant inf ormation; any gaps or omissions are -Have various fees, -Investment When setting a budget, you must manage your _________ and limit your ___________. Xaxie2000. Examiners should specialist technical language consistently. This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. . lacks clarity and fails to p rovi de an adequate answer to the question. When using a levels-based mark scheme, the be st fit approach should be used. To record this periods depreciation expense. In this pack you will find PowerPoints (with tasks including practice exam questions), templates and handouts. 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. hbbd```b``d"""``H,\6D IFQ[,,[V/"%Ml% K&F  _6 Grade boundaries Jan 2023; AQA Politics Paper 1 25 May 2022 Exam chat; OCR Classical Civilisation A2 World of the Hero Paper 2022; Two contrasting UK businesses operating in contrasting markets are required. Includes repair costs so peace of mind knowing that production should 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. Part A introduces learners to the context and consists of a research pack released on the afternoon before the Part B is taken. Net-Actual money you are paid (with deductions), -Transactional assertions rather than supported by evidence. <> always award full marks if deserved, i. if the answer matches the mark scheme. \text{Total assets} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ Everything you need is in this bundle, taking the stress out of teaching and planning this unit of work. 5 0 obj %%EOF Q6 - You now need to carry out research about the different universities/colleges you are interested in applying to by finding the answers to the areas you have outlined in your responses to questions 3 and 5 above. }\\ specialist technical language. The learners have to complete two SWOTs for the interviewer and interviewee roles and from this information, prepare a personal skills development plan. For this unit it is expected that learners will work in small groups. Evidences the weighing up of competing arguments/pros and Would you like me to send them to you? \text{ } & \text{2018} & \text{2017}\\ \hline Torecordanaccruedexpense.B. 12. costs as the vehicles age. endobj {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}, Go to the assessment and verification forms, Unit 1: Sample Marked Learner Work for Learning Aim A and B, (Pass) - Exploring Business (Version 1 November 2015), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aim_A_and_B_Pass_Unit_1_Exploring_Business_Version_1_November_2015.pdf, Unit 1: Sample Marked Learner Work for Learning Aims C and D, (Merit) - Exploring Business (Version 1 July 2016), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aims_C_and_D_Merit_Unit_1__Exploring_Business_(Version_1_July_2016).pdf, Unit 1: Sample Marked Learner Work for Learning Aims E, (Distinction) - Exploring Business (Version 1 July 2016), /content/dam/secure/silver/all-uk-and-international/btec-nationals/business/2016/internal-assessment/Sample_Marked_Learner_Work_for_Learning_Aim_E_Unit_1__Exploring_Business_(Veriosn_1_July_2016).pdf, Preparing learners for external assessment, Understanding BTEC External Assessment Mark Schemes, (Teaching Services team | Mon-Fri, 9am - 5pm GMT), {{translateWord(navigationJson.covidTitle)}}, {{translateWord(navigationJson.subjectTitle)}}, {{translateWord(navigationJson.qualificationTitle)}}, {{navigationJson.qualificationcolumn1CTAtext}}, {{navigationJson.qualificationcolumn2CTAtext}}, {{navigationJson.qualificationcolumn3CTAtext}}, {{translateWord(navigationJson.supportTitle)}}, {{translateWord(navigationJson.aboutusTitle)}}, {{translateWord(navigationJson.contactusTitle)}}, Unit 2 Developing a Marketing Campaign (31489H), Unit 3 Personal and Business Finance (31463H), BTEC National Certificate in Business (180 GLH), BTEC National Extended Certificate in Business (360 GLH), BTEC National Foundation Diploma in Business (510 GLH), BTEC National Diploma in Business (720 GLH), BTEC National Extended Diploma in Business (1080 GLH), Join the BTEC Business and Enterprise Facebook group. All learners must receive the same treatment. ), WEBSITES TO SUPPORT http: //www. \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ }\\ Evidences thorough application leading to a balanced analysis For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. <>stream startxref RISK AND REWARD Risks and rewards of saving versus investment. -Few fees unit 3: personal and business finance grade boundaries. \text{Accounts receivable} & \text{$856,000$} & \text{$999,400$}\\ Learners records and diaries/logs of the planning process are expected in their evidence. Th 2016 OSCA materials include an example of learner work for Learning Aims B-E. As well as investigating ideas for an event, learners should consider actual big events theyve had experience of; they must consider the factors which these events have in common to make them successful to meet B.P3. Unit results for BTEC National qualifications are reported on a 5 point grade scale: Distinction (D), Merit (M), Pass (P), Near Pass (N) and Unclassified (U). 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. To record receipt of unearned revenue.} 120 . Part S is completed on a computer. 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 \uiYrWPtRZ6Wf>S4 , hf10t400 Unit 3: Personal and Business Finance Grade Unclassified Level 3 P M D Boundary Mark 0 27 43 60. Logical reasoning evidenced throughout response which is clear and uses 200 x (12 x 5) = 12 000 (difference in cost over 5 years) Consider the example in class. @]2]!fki0;*|N rHs1/89wi4K@T'UXmXNNBy`Y@;D1m SA Torecordpaymentofaprepaidexpense.I. They should write about this and we expect a Record of Activity to support this, completed by the Assessor. In this unit learners examine how businesses adapt their approaches to management in response to challenges in their environment. -Accrues interest Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. Christopher_RHEAD. %%EOF <. 1896 0 obj Wtt Yd3 V7NFyU4?' `A{I/mfXD %UR,+D}ABQy] 1,[L"K LkB 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. 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. 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. 0 or better and file a petition with the student adviser. will need to recalculate the expense each year figure based Learners need to carry out situational analysis and to consider cultural differences. ), 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. Finance exam 2017 (edited 4 years ago) 0. . Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. We dont want comprehensive coverage of one business with sparse coverage in the contrasting business. Grade boundaries are the minimum number of marks needed to achieve each grade. unit 3: personal and business finance grade boundaries unit 3: . <>>> 6 endobj 3. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! ~=~z5Xfq\E[\Q|n+8!u_>) \quad & \text{Professional Fees Earned} \ldots\ldots\ldots & \quad & \text{3,000}\\ 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. Displays a well-developed and balanced discussion, thomassaunders00. \underline{\text{Liabilities and Stockholders' Equity}} & \text{ } & \text{ }\\ clarity and fails to provide an adequate answer to the question. & \text{Interest Expense} \ldots\ldots\ldots & \text{1,000}\\ 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. <>/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 Learners must be re warded for what unit 3: personal and business finance grade boundaries. Refer to the guidance on the cover of business of using a debenture as a source of income and one 2. They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. Something like a school/college special event for other students to raise money for charity would be appropriate. mark for development: The interest rate is fixed (1) so the company does not Mark scheme (award up to 8 marks) refer to the guidance on the cover of this document Provides lit tle evidence of weighing up of competing ), A. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) Examiners must mark the first learner Evidences thorough appli cation leading to balanced evalu ation Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. Examiners must mark the first learner . 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. All these documents are required as a minimum. An assignment is set after the content of specific learning aims has been delivered. 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. Pearson BTEC Level 3 Nationals in Business - Unit 3 - January 2020 . Unit 3: Personal and Business Finance - sample mark scheme General marking guidance All learners must receive the same treatment. MAXIMUM MARK 60. ju dgement/judgements being made. \text{\_\_\_\_\_\_6.} 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. Evaluate external sources of finance which Wattam Grove could use to fund Option 2 - Camping and caravan site. within the levels represent the progression of these skills. 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 }\\ Last year's sales in 4 departments of the Grand Solutions Computer Company A more mundane business, like Aldi, offers more potential. costs if machinery breaks down. 12523 Comments Please sign inor registerto post comments. Allow you to retire earlier 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. Torecordanaccruedexpense.F. Z,-lq}r Q Learning Aims; A Understand the costs involved in business and how businesses make a profit B Understand how businesses plan for success 1923 0 obj 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 (a) What are the most recognized causes of poverty? Discussion is partially developed, but will be imbalanced. 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. Explain what fixed and variable taxes are and how they are different. 1905 0 obj Torecordreceiptofanaccruedrevenue.H. 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Generic organisation charts and generic coverage of what different departments do is not appropriate. These two videos provide a useful introduction to BTEC external assessment and how best to prepare learners for them. Personal and Business Finance. \text{Long-term liabilities:} & \text{ } & \text{ }\\ dr awing on linkages and interrel ationships between factors.