They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. When setting a budget, you must manage your _________ and limit your ___________. Gracen9111. Stakeholders of each business should be similarly given equal consideration and their influence should be relevant to each business. Evidence of application demonstrating linkages and To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. Marks will be awarded towards the top or bottom of that band depending on how 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 \text{D. To record receipt of an accrued revenue.} BTEC Business Level 3 Unit 3 Exam A Kevin4031 All you need to know is the formulas and also you need to know how to do depreciation. The materials already provided here will remain, along with lots of new revision resources. Contains: Revision checklist. 0 endobj 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. Evaluation is presented leading to conclusions but some may be \quad & \text{Prepaid Rent} \ldots\ldots\ldots & \quad & \text{2,000}\\ ), A. 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. Torecordanaccruedexpense.B. endobj unit 3: personal and business finance grade boundaries. BTEC National Certificate in Business (180 GLH) specialist technical language consistently. All learners must receive the same treatment. Where some judgement is required, mark schemes will provi de the principles by endobj For this unit it is expected that learners will work in small groups. \text{Common stock} & \text{$786,600$} & \text{$786,600$}\\ Something like a school/college special event for other students to raise money for charity would be appropriate. Learners must not have access to the Internet, email, or any other resource. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> which marks will be awarded and exempli fi cation may be limited. 4 Award one mark for identification of an advantage to the consumer of using a -Accrues interest M$ P| yI/$I/P JmX$) X=K$}* 7J-G oIg,D o|$*I M$=] & \text{E. To record an accrued expense. Find grade boundaries for the latest exam series in which exams were taken or, if you need to view grade boundaries from earlier exam series, you can do so by using the tool below. 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 \text{\_\_\_\_\_\_9.} 3. Giving back- returning help or service to someone who gave you help or service Logical reasoning evidenced throughout response which is clear and 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. 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. What is the difference between fixed/constant income and variable income? 2 most common time frames for interest to be compounded? \end{matrix} ~=~z5Xfq\E[\Q|n+8!u_>) When examiners are in doubt re garding the appli cation of the mark scheme to a !BTEC Business Unit 3 Formula. Learners must produce their own job description, person specification and advert. For this mandatory unit, up to four different businesses are required two contrasting businesses for Learning Aims A and B, another business for Learning Aims C and D and a further business for Learning Aim E. Contrasting businesses are to be selected individually by learners. BTEC Business unit 3 personal and business finance Raw mark scores can be downloaded by Exams Officers from Edexcel Online. 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 . . beebusinessbee. In this unit learners examine how businesses adapt their approaches to management in response to challenges in their environment. would comply with accounting concepts, Give greater tax benefit in early years which would help grow the They should be thinking about future interviews and career development in this learning aim. not worthy of credit according to the mark scheme. }\\ <>stream Torecordpaymentofanaccruedexpense.D. Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. vocabulary 4. One of the businesses used for Learning Aim A and B can be used or a different business altogether. This unit will be examined so you need to ensure that you are ready and prepared for you exam and good performance in this exam is critical to achieving your highest possible grade in your Business Studies course. information. Level 0 0 No rewardable material. Powerxlvortexgrill Plate.comGet your inspiration flowing with our video Refer to the guidance on the cover of 1898 0 obj unit 3: personal and business finance grade boundaries. 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. 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. %PDF-1.6 % Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. On a circle graph , how many degrees should be used to show the sales of each department? BTEC Level 3 Business: Unit 3 - Personal & Busines 29 terms. The contrast could be in terms of sector, purpose or size and the markets will be developing or developed. 70 : 54 . \text{Total liabilities and stockholders' equity} & \underline{\underline{\$ 4,000,000}} & \underline{\underline{\$ 3,800,000}}\\ Learners are permitted to resit external assessments twice during their programme. PDF Enterprise / Marketing Unit 3: Personal and Business Finance 8. Paying forward- idea of taking things you have learned and been given and passing it on to another person 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. . Learners notes can include notes about the provided research. (a) What are the most recognized causes of poverty? Realistic Students also viewed Exam 10 October, questions and answers Resources - Unit 3: Personal and Business Finance ( Exam) consist of basic description of information. 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} Version: 1 Date: 01/10/15 . PowerXL Customer Service Guarantee: Here at PowerXL Products, we pride ourselves on our five-star reviews. Gives a more realistic valuation of the vehicles as they lose endstream /t geo o#?ui4uoJ>Nkm`rz7qc5lVu3&S[C`=RF>_0|\6/5 \text{\_\_\_\_\_\_4.} ), 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. understanding of relevant inf ormation; any gaps or omissions They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. Explain what fixed and variable taxes are and how they are different. 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. Displays a well-developed, balanced and coherent evaluation, Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications. 1 0 obj 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. For LA D, the requirement is about cultural factors which generally will affect international businesses and learners don't have to apply this to a named business, but they can of course give examples. 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. 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