PDF Enterprise / Marketing Unit 3: Personal and Business Finance Unit 3 Personal & Business Finance: Identify question Jan 2018 \text{Stockholders' equity:} & \text{ } & \text{ }\\ interrelationships between factors leading to an analysis being presented. Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. Unit 1 assignment 2 grade d achieved jbcjobcjo. Demonstrates the use of logical reasoning, clarity, and 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. Z,-lq}r Q 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} 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. Consider the example in class. But, remember group evidence is not acceptable, and learners must produce their own, individual evidence of their contribution and participation. were: Training, 50%; Software, 30%; Repair Contracts, 15%; Hardware, 5%. 31463H Unit 3: Personal and Business Finance 120 100 56 41 27 13 0 31489H Unit 2: Developing a Marketing Campaign 90 70 56 41 26 13 0 31588H Unit 6/12: Principles of Provides little evidence of application and links between relevant 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. Importantly, it also means the learners can listen/see their performance which will help them review their performance for Learning Aim C. If this isnt possible, then a fully detailed and individual Record of Activity should support the achievement of criteria and peers can complete a Witness Statement. -salary: salary divided by pay periods startxref The materials already provided here will remain, along with lots of new revision resources. This should be borne in mind when using past papers for mocks. \text{Current assets:} & \text{ } & \text{ }\\ Prevents overstating the vehicles value so would comply with Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. Examiners should mark according to the mark scheme, not according to their 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 lacks clarity and fails to p rovi de an adequate answer to the question. products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the 9. 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. Meaning may be conveyed but in a non-specialist way; response lacks Learners must be re warded for what \text{Long-term assets:} & \text{ } & \text{ }\\ They will be able to predict probable consequences, identify faulty arguments or misrepresentations of information or data, compare information and data, provide reasonable alternatives, and evaluate and justify proposed solutions. Evaluate external sources of finance which Wattam Grove could use to fund Option 2 - Camping and caravan site. & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ Learners need to understand the financial decisions they will need to take throughout life. Learners are permitted access to any relevant software to enable them to complete the Part S task. Unit 3 Jan 2020 Exam - unit 3 personal and business finanace past papers exams questions, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Please check the examination details below bef, Public law (Mark Elliot and Robert Thomas), Electric Machinery Fundamentals (Chapman Stephen J. Levels-based mark schemes (LBMS) have been designed to assess learner work 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. 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 Budget Learners will also consider the factors that influence the implementation of these strategies. Learning Aims B & C are both concerned with planning the event and this work should be done before the event is staged. unit 3: personal and business finance grade boundaries Learners need to bring out the contrast in the ways they operate internationally. BTEC Business Level 3 Unit 3 Exam - The Student Room depreciate over the assets lifetime, Will produce lower profit figures in the early years in the \text{Inventory} & \text{$1,900,000$} & \text{$1,349,000$}\\ 6 Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. Contribution Per Unit x Margin of Safety. BTEC Business- Unit 3 Finance revision exam Flashcards - Quizlet One of the businesses used for Learning Aim A and B can be used or a different business altogether. 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 will need to recalculate the expense each year figure based 12 : 0 . Learning Aim E should use a named, selected business which is trading internationally, and looks at strategic and operational issues. interrelationships between factors leading to a Learners could therefore choose a different business to ones already used, or use one already researched for the other LAs. Unit 3 - Personal FInance. We have provided Authorised Assignment Briefs (AABs) which you can download and use with your learners. 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). 4 Introduction BTEC Level 3 Business: Unit 3 Personal & Business Finance A1 Function not worthy of credit according to the mark scheme. Examiners should first make a holi stic judgement on which band most closely BTEC Business unit 3 personal and business finance Different types of borrowing, features, advantages and disadvantages: overdraft personal loans hire purchase mortgages credit cards payday loans. Government and private (religious and secular) organizations offer ___________. information. Displays a balanced evaluation demonstrating an awareness of A mark of 28 would therefore be a Merit. 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. early, Cost is 10 800* more than the loan over the five-year period (excluding Explain what giving back and paying forward are and explain the difference between the two. assertions rather than supported by evidence. -Few fees & \text{E. To record an accrued expense. <> not made a claim, Current provider might not be giving him as good a deal as new We provide an Assignment Checking Service which offers you feedback on your assignment briefs. %%EOF BTEC Business Revision Unit 3 - Personal 36 terms. 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. They consist of two parts: indicati ve content and levels-based descriptors. 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. this document for how to a pply levelsbased m ark Learners dont have to design the Application Form, and this can be downloaded from a website. Unit 3 A Revision - unit 3 - Unit 3: Personal and Business Finance 129 terms. Explain why instant gratification is often temporarily joyful but costly in the future. Everything you need is in this bundle, taking the stress out of teaching and planning this unit of work. All marks on the marking grid should be used appropriately. To record this periods depreciation expense. \text{Cash} & \text{$\$ 208,000$} & \text{$\$ 262,200$}\\ unit 3: personal and business finance grade boundaries unit 3: . dr awing on linkages and interrel ationships between factors. 50 terms. 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. 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. In this unit learners examine marketing aims and objectives for existing products/services and understand the importance of relevant, valid and appropriate research in relation to the needs and wants of customers. \text{Notes payable} & \text{$760,000$} & \text{$760,000$}\\ specialist technical language consistently. They should use at least two of these techniques for the award of C.P5 and more for the higher criteria. Repair costs if needed are not covered by loan so could add to overall PDF Level 3 Cambridge Technicals in Business - Oxford, Cambridge and RSA 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. (2nd essay question). The contrast is in the features: ownership and liability, or size, or sector or purpose. It means that the performance and asking/answering of analytical questions can be authenticated by the internal verifier and standards verifier. 0 The contrast could be in terms of sector, purpose or size and the markets will be developing or developed. "Ernie owns a water pump. 0 or better and file a petition with the student adviser. \text{Income tax payable} & \text{$76,000$} & \text{$76,000$}\\ interrelationships between factors leading to a supported \text{B. Courtesy car is an additional cost (but might not want to have this 3 0 obj Learners should note interview responses when in the interviewer role and make a decision on whether to recruit. 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. Learners are permitted to resit external assessments twice during their programme. 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. hVmo6+>$@Im@ M(AMG-e~V,;Z+-'sB Tr'A@ 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. Xaxie2000. The specification states on the first page: Learners study how UK businesses develop strategies to trade globally. ), 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. -Does not accrue interest Management of business (planning, monitoring and controlling). 0 Setting grade boundaries When we set grade boundaries, we look at the performance of every learner who took . COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. endobj Christopher_RHEAD. costs as the vehicles age. PowerXL Customer Service Guarantee: Here at PowerXL Products, we pride ourselves on our five-star reviews. Indicati ve content For this unit it is expected that learners will work in small groups. This unit includes aspects of both personal and business finance. endobj Our Assessment plan for 2017-18 for the Level 1 / 2 BTEC first Award in Business Learners have 4 hours a week Units chosen are: Unit 1 - Enterprise in the Business World Unit 2 - Finance for Business -External Exam unit Unit 7 - Providing Business Support Unit 8 - Recruitment, Selection and Employment First year delivering Level 2 after a break of 2 years - might deliver unit 1 and 7 together . Section A contains questions on the personal finance unit content and approximately one-third of the marks, and Section B contains questions on the business finance unit content and approximately two-thirds of the marks. H.Torecordpaymentofaprepaidexpense. Displays a well-developed, balanced and coherent evaluation, They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. Unit 3: Personal and Business Finance How does Ernies producer surplus change? %PDF-1.7 % We want to see a valid analysis of key factors, including awareness of the importance of contingency planning for C.M3. (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 have access to the annotated research and the two pages of prepared notes to allow them to complete the task, have access to permitted software or applications, offline Office applications, such as Microsoft Office, Open Office, etc, any other offline applications, such as project planning software, calculators, spell-checkers, etc. Torecordpaymentofanaccruedexpense.G. Would you like me to send them to you? This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. re sponse l acks clarity and fails to provide an adequate answer 128 Unit 3- Personal and Business finance Flashcards | Quizlet Measurable RISK AND REWARD Risks and rewards of saving versus investment. Mark When examiners are in doubt re garding the appli cation of the mark scheme to a rel ation to the assessment outcomes being targeted by the question. All these documents are required as a minimum. 7. hb```df B,`q( 1uBHu{9.#[(` holistically. -Accrues interest life of the asset. information; there may be major gaps or omissions. Learners can use Part A for familiarization but are not permitted to make notes to take with them into Part B. & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ 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. Torecordreceiptofanaccruedrevenue.E. Evidences thorough appli cation leading to balanced evalu ation endobj Meaning may be conveyed but in a non-specialist way; information. Analysis likely to consist of basic description of information. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) View grade boundaries from the most recent exam series Find all available grade boundaries Step 1. Secret Trusts - Perfect Essay What Is It? \quad & \text{Unearned Professional Fees} \ldots\ldots\ldots & \quad & \text{7,500}\\ Part S is completed on a computer. You may prefer to write your own assignment briefs. }\\ Pearson BTEC Level 3 Nationals in Business Unit 3 19. 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. After the event the success of the event should be reviewed, and the delegates feedback analysed and help them identify improvements. 1. \text{\_\_\_\_\_\_10.} \text{\_\_\_\_\_\_11.} -Used frequently 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. BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). 11. 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$3,800,000, For each of the following journal entries 1 through 12, enter the letter of the explanation that most closely describes it in the space beside each entry. they have shown they can do, rather than be penalised for omissions. Business enterprise Level 3 100% (1) 10. alternative response. Conclusions may be p resented, but are li kely to be generic (You can use letters more than once. It is not necessary to have one for-profit and one not-for-profit business as required by the previous QCF qualification suite. Mark scheme (award up to 8 marks) refer to the guidance on the cover of this document M$ P| yI/$I/P JmX$) X=K$}* 7J-G oIg,D o|$*I M$=] vegan tattoo ink pros and cons . ju dgement/judgements being made. securely all bullet points are displayed at th at band. 1820 0 obj <> endobj 1 0 obj 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. Giving back is not always possible, but you can always pay forward, A corporation that invests money for individuals in portfolios managed by the corporation, Chapter 4: Schizophrenia Spectrum Disorders a, Earth Science Chapter 14 Section 1(Weathering, Totalliabilitiesandstockholdersequity. Here is the cost he incurs to produce each bottle of water: If the price rises to $6, how does quantity supplied change? 12 ; Merit 15 20 . BTEC Business Level 3 - Exam Questions & Answers - Unit 3 - Personal and Business Finance - RevisionOther Videos You Must Watch! \text{\_\_\_\_\_\_5.} to the question. They should write about this and we expect a Record of Activity to support this, completed by the Assessor. It should be a job realistic for someone following a National in Business, so a managerial position may be aspirational, but it isnt suitable. 39 : 25 . CURRENT ACCOUNTS Different types, features, advantages and disadvantages, different services offered: standard packaged, premium basic student, 6. !BTEC Business Unit 3 Formula. Allow you to retire earlier BTEC National Business | Livestream | Unit 3 (Jan 2022) Personal Paying forward- idea of taking things you have learned and been given and passing it on to another person Whilst Yasin is cancelling the insurance Shirevale could make a \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ Torecordpaymentofaprepaidexpense.I. \text{Interest payable} & \text{0} & \text{$3,800$}\\ %PDF-1.5 % The balance sheets for Fantasy Football for 2018 and 2017 are provided below. Issue 3 April 2017 Pearson Education Limited 2015, Question In class example, twice as much because you are paying not only for the item you purchased but the right to borrow the money as well (interest). com is an ad-free, private search engine that you control. /t geo o#?ui4uoJ>Nkm`rz7qc5lVu3&S[C`=RF>_0|\6/5 Evidence of application demonstrating linkages and \quad & \text{Accounts Receivable (from consulting)} \ldots\ldots\ldots & \quad & \text{9,000}\\
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