\text{Long-term liabilities:} & \text{ } & \text{ }\\ Torecordanaccruedrevenue.C. holistically. LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. 13. Learners notes must not include any attempt to pre-prepare marketing plans, budgets or timelines. 3 0 obj A large business of 250+ staff should be selected for Learning Aim A, and learners investigate their methods of recruitment and selection. Torecordreceiptofanaccruedrevenue.E. To record this periods depreciation expense. }\\ A grade boundary is the minimum mark at which a grade can be achieved. 2. Drug-List - A list of all drugs required for the exam including they receptors, action. \underline{\text{Liabilities and Stockholders' Equity}} & \text{ } & \text{ }\\ interrelationships between factors leading to a supported The mark awarded within the band will be decided based on the quality of the answer Business enterprise Level 3 100% (1) 10. Wtt Yd3 V7NFyU4?' `A{I/mfXD %UR,+D}ABQy] 1,[L"K LkB & \text{Cash} \ldots\ldots\ldots & \text{9,000}\\ hb```,l@( The assignment is a distinct activity completed independently by learners, and is separate from the teaching and learning for that learning aim or aims. When a person decides to save money, the first thing they should do is _________________. 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. Logical reasoning evidenced throughout response which is clear and uses Refer to the guidance on the cover of Evidences the weighing up of competing arguments/pros and wEleet+MHEp2!EtQFbp(]zDUVQF:zDr}U.XihBv)H~/dKo"H3E}r1HUUVPFQ.qFIO8#PFt*e)Z=SBg:kI D7$_)wmhz8[5 Something like a raffle is too simple and not suitable. \text{Interest payable} & \text{0} & \text{$3,800$}\\ C.Torecordpaymentofanaccruedexpense. Demonstrates the use of logical reasoning, clarity, and appropriate D.Torecordreceiptofanaccruedrevenue. in exactly the same way as t hey mark the last. Flower; Graeme Henderson), Tort Law Directions (Vera Bermingham; Carol Brennan), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), unit 3 personal and business finanace past papers exams questions, Fundamentals OF Financial Accounting - BA3 EXAM Revision KIT, Fundamentals OF Managemnet Accounting - BA2 EXAM Revision KIT, Unit 5 Final Sumission - Cell biology, illustrated report, Unit 10 Illustrated Report Human Reproduction, Growth and Development, Unit 7 Human Nutrition and DIgestive System, PHARMACY AND MEDICINES MANAGEMENT (PHMM53), Managerial Accounting for Decision Making (MSIN7016), Constitutional and Administrative Law (LW1120), Mathematics for Computer Scientists 1 (CS130), Public Int & Humanitarian Law (LAW-40460), Introduction to Literature: Ways of Reading (CC4301), Foundations of Occupational Therapy (160OT), Introduction to English Language (EN1023). for how to apply levels-based mark schemes*. \text{Current assets:} & \text{ } & \text{ }\\ life of the asset. Unit 1 assignment 2 grade d achieved jbcjobcjo. Last year's sales in 4 departments of the Grand Solutions Computer Company endobj 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 . Legislation that regulates working conditions and rules in the United States. {{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. They should be thinking about future interviews and career development in this learning aim. \underline{\text{Assets}} & \text{ } & \text{ }\\ Pearson BTEC Level 3 Nationals in Business – Unit 3 – January 2020 © Pearson Education Limited 2020 19 General marking guidance • All learners must The contrast is in the features: ownership and liability, or size, or sector or purpose. The balance sheets for Fantasy Football for 2018 and 2017 are provided below. Learners need to bring out the contrast in the ways they operate internationally. hbbd```b```rd"YR@d:iyH2e]rKbL@"@}4$3 ` J ! (b) What kinds of assistance might a poor family be able to get from the government? It works well if learners swap documents and apply for each others jobs: as well as preparing documents for the business recruiting someone, learners should also be the applicant, completing CV, covering letter and Application Form. What is the formula for calculating simple interest? 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 An Administrative Support Guide is available to help guide you through the assessment process. "Ernie owns a water pump. They must show they understand why the business adheres to ethics and legislation, not just that there are laws to protect people. Raw marks from the external units are converted into points based on performance in the assessment. 1847 0 obj <>stream Budget Depending on their roles and responsibilities, managers need to develop skill sets that enable them to work effectively in areas such as the management of people, financial, resource and quality management, and the management of change. 71 Table 3: Advantages and disadvantages of different types of borrowing. We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. mark for development: The interest rate is fixed (1) so the company does not Learners must not have access to the Internet, email, or any other resource. All these documents are required as a minimum. not worthy of credit according to the mark scheme. Examiners should first make a holi stic judgement on which band most closely 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. Evidence of application demonstrating linkages and They will use market research data and other information to make recommendations about the type of marketing campaign that a business should undertake. are minor. Control assisting with the prevention of fraud, trade receivables and trade payables. unit 3: personal and business finance grade boundaries. 1. \text{\_\_\_\_\_\_8.} TorecordthisperiodsearningofpriorunearnedrevenueF. 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. assertions rather than supported by evidence. Points are awarded on a sliding scale between the grade boundaries based on the number of raw marks achieved by each learner. Recent flashcard sets. hbbd```b``fA$dr,~ continue, Appropriate for a small company with cash flow issues, Short- term lease of two years means Mike can return the machine (after Where some judgement is required, mark schemes will provi de the principles by Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. Revenue. GRADE BOUNDARIES (JULY 2019) UNIT 3 Personal and Business Finance DISTINCTIO N MERIT PASS 73 55 39 THEREFORE YOU ARE LOOKING AT GETTING 75 (meaning you can lose 25 marks ONLY! in the band that best describes their answer. 11. 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. 1 0 obj \text{\_\_\_\_\_\_7.} 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. Evaluation is presented leading to conclusions but some may be Realistic 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. The contrast could be in terms of sector, purpose or size and the markets will be developing or developed. endstream perception of where the grade boundaries may li e. All marks on the mark scheme should be used appropri atel y. These two videos provide a useful introduction to BTEC external assessment and how best to prepare learners for them. \text{ } & \text{2018} & \text{2017}\\ \hline vL1d'uIp}|8@ _$I x5`I/+\ .^%If k&I(V Jm9K$l & \text{G. To record this periods use of a prepaid expense. lower premium offer. 100 marks available BTEC Business unit 3 personal and business finance. <> unit 3: personal and business finance grade boundaries Posted on June 22, 2022by Mark. After each exam series, the Lead Examiner for each unit writes a report to provide feedback to teachers. Prepare a vertical analysis of Fantasy Football's 2018 and 2017 balance sheets. vegan tattoo ink pros and cons . If a learner has more than one attempt, then the best result will be used for qualification grading. Business enterprise Level 3 63% (8) 14. 3 Grade Boundaries - BTEC Level 3 Nationals - June 2018 Understanding external assessment grade . The features, outlined in the unit content, should be considered in equal measure in each business. Evaluation likely to consist of basic description of To record this periods earning of prior unearned revenue} & \text{F. To record an accrued revenue. Levels-based descriptors articulate the skills that a learner is likely to demonstrate in <>stream There are four externally assessed units and they are either of 90 or 120 GLH. <>stream All of the forms required for assessment and verification can be downloaded from the web site. 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. 120 . 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 . In Unit 7 learners draw together learning from previous units in the qualification. endobj Specific Meaning may be conveyed but in a non-specialist way; respon se Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. The chosen businesses should be two contrasting businesses which operate in different markets (developed, emerging or less developed). Learners have to plan and stage the event to showcase their organisational and management skills. \text{Less: Accumulated depreciation} & \underline{(380,000)} & \underline{(190,000)}\\ 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. 1898 0 obj Evidences thorough appli cation leading to balanced evalu ation 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. Torecordthisperiodsuseofaprepaidexpense.D. ju dgement/judgements being made. A. Examiners' reports are the communication channel between senior examiners and teachers and contain an explanation of how the senior examiners have interpreted the mark schemes as well as examples of both good and poor candidate responses. endobj Which is more important to budgeting: income or cash flows? Margin of Safety. -Limited in transactions. All marks on the marking grid should be used appropriately. Functions of money: unit of account means of exchange store of value legal tender. }\\ Meaning may be conveyed but in a non-specialist way; response lacks Make you wealthy, The number of times interest is calculated against principle, The amount of money you owe someone or that you have saved. BaakliniC10019. Meaning may be conveyed but in a non-specialist way; 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 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. 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. This page will try and help you understand the assessment of our Level 3 (RQF) BTEC Nationals in Business. The learners have to complete two SWOTs for the interviewer and interviewee roles and from this information, prepare a personal skills development plan. Provides lit tle evidence of weighing up of competing Express each amount as a percentage of total assets for that year. Please ensure that you have also read the ACS terms & conditions. 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. Tutor 2 u. net. Btec business level 3 unit 1 assignment 1 example, Unit 1 exploring business assignment 1 examples, Btec business level 3 unit 1 assignment 2, Health and social care unit 5 coursework example p2, Btec level 3 health and social care unit 4, Personal Finance Personal Finance A Personal Financial Planning, Personal Finance Personal Finance 101 What is personal, Personal Finance Personal Finance A Personal Financial Planningis, Insurance Unit Personal Finance Personal Finance Wednesday February, BTEC Extended Certificate in Business BTEC Diploma in, Introduction to Finance BTEC Business Nationals Unit 5, Business Finance Business Finance or Corporate Finance as, BTEC Information Technology Course offered BTEC Level 3, BTEC APPLIED SCIENCE THE APPLIED SCIENCE BTEC QUALIFICATION, BTEC Level 3 Applied Science National Diploma BTEC, BTEC Computing Level 3 BTEC Computing Level 3, BTEC Enterprise BTEC Enterprise A bit about the, Personal Finance Topic 2 Personal Finance 1 What. A. %PDF-1.7 % Margin of safety = 60 - 40. Torecordanaccruedrevenue.G. & \text{Rent Expense} \ldots\ldots\ldots & \text{2,000}\\ 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. 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. \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ Can get more personalised service / better advice (1) because some Whilst Yasin is cancelling the insurance Shirevale could make a All of the grade boundaries for the BTEC externally assessed units are given in raw marks. Issue 3 April 2017 Pearson Education Limited 2015. which marks will be awarded and exempli fi cation may be limited. 2 0 obj G.Torecordthisperiodsuseofaprepaidexpense. relevant information with a few gaps or omissions. <> & \text{Insurance Expense} \ldots\ldots\ldots & \text{4,200}\\ One of the businesses used for Learning Aim A and B can be used or a different business altogether. Explain what giving back and paying forward are and explain the difference between the two. Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. Pearson BTEC Level 3 Nationals in Business Unit 3 19. 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. ), 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. UNDERSTAND THE PURPOSE OF ACCOUNTING Purpose of accounting Recording transactions. \text{D. To record receipt of an accrued revenue.} endstream Logical reasoning evidenced throughout response which is clear and Displays a well-developed and balanced discussion, number Logical reasoning evidenced throughout response which is View resources Resource collection Ashridge, Level Mark Award up to 12 marks. bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials \text{\_\_\_\_\_\_11.} \text{Accounts payable} & \text{$\$ 168,000$} & \text{$\$ 129,200$}\\ interrelationships between factors leading to a -salary: salary divided by pay periods so lower amounts being paid will improve cash flow (1), Repayments / interest payments are fixed (1) which -Have various fees, -Investment Revenue income: cash sales credit sales rent received commission received interest received discount received. <>/Metadata 99 0 R/Pages 1893 0 R/StructTreeRoot 173 0 R/Type/Catalog>> This BTEC National Business Unit 3 online course is currently under development to support the Unit 3 Grade Booster cinema workshops being held for the summer 2022 exam. D.M4 is not a comparison but an analysis - so detailed examination of different aspects and the relationship between the different factors. 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 Learners will investigate some of the issues that managers and leaders have to deal with in the workplace in making businesses more efficient and ensuring their survival and growth. Preparation for the interview should be researching suitable questions, what to wear, travelling, demeanour etc and the role plays should be as realistic as possible. For example, if the grade boundary for a Distinction is 29, then 29 is the minimum mark atwhich a Distinction can be achieved. Learners need to understand the financial decisions they will need to take throughout life. All learners must receive the same treatment. \text{Long-term assets:} & \text{ } & \text{ }\\ A valid assignment will enable a clear and formal assessment outcome based on the assessment criteria. \text{\_\_\_\_\_\_9.} Unit 3 Personal and Business Finance Unit 6 Principles of Management Unit 7 Business Decision Making Grade statistics The grade statistics show the number of learners who completed each qualification each year, and the proportion achieving each grade. \quad & \text{Accumulated Depreciation} \ldots\ldots\ldots & \quad & \text{4,000}\\ Part A introduces learners to the context and is released before the Part B is taken. information. 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. The staging of the event is covered in Learning Aim D and the review of the event is covered in Learning Aim E, and this work should be done after the event itself. Gives a more realistic valuation of the vehicles as they lose SCORES and Grade POINTS TARGET! 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.
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