Different insurance products: products (car, home and contents, life assurance and insurance, travel, pet, health) different types of insurance policy for each product features of different types of insurance advantages and disadvantages of different types and features. 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. (c) What combination of personal action and good fortune could help a person rise out of poverty? {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}, Grade boundaries - January 2023 - Edexcel Award Pass Marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2301-edexcel-awards-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2301-ial-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-notional-component-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2301-intgcse-9-1-subject-grade-boundaries-v1.pdf, Grade Boundaries - January 2023 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2301-project-subject-grade-boundaries-v1.pdf, Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-subject-grade-boundaries-v1.pdf, Notional Component Grade Boundaries - November 2022 - GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/GCSE/2211-gcse-9-1-notional-component-grade-boundaries-v3.pdf, Grade Boundaries - October 2022 - International A Level, /content/dam/pdf/Support/Grade-boundaries/International-A-level/2210-ial-subject-grade-boundaries-v1.pdf, Grade Boundaries - October 2022 - International Primary and Lower Secondary Curriculum, /content/dam/pdf/Support/Grade-boundaries/International-Primary-Lower-and-Secondary-Curriculum/2210-ipls-subject-grade-boundaries-v1.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-july-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/LCCI/lcci-grade-boundaries-june-2022.pdf, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - GCE, /content/dam/pdf/Support/Grade-boundaries/A-level/2206-gce-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Advanced Extension Award, /content/dam/pdf/Support/Grade-boundaries/Advanced-Extension-Award/2206-aea-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - BTEC Firsts, /content/dam/pdf/Support/Grade-boundaries/BTEC-Firsts/btec-grade-boundaries-l2-firsts-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Nationals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Nationals/btec-grade-boundaries-june-2022-l3-nationals.pdf, Grade Boundaries - June 2022 - BTEC Level 2 Technicals, /content/dam/pdf/Support/Grade-boundaries/BTEC-Level-2-Technicals/btec-technicals-grade-boundaries-june-2022.pdf, Grade Boundaries - June 2022 - BTEC Tech Awards, /content/dam/pdf/Support/Grade-boundaries/btec-tech-awards/btec-grade-boundaries-l2-tech-awards-june-2022.pdf, Grade Boundaries - June 2022 - Edexcel Award pass marks, /content/dam/pdf/Support/Grade-boundaries/Edexcel-Award/2206-level-2-3-edexcel-awards-subject-grade-boundaries.pdf, Grade Boundaries - June 2022 - International GCSE (9-1), /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-subject-grade-boundaries.pdf, /content/dam/pdf/Support/Grade-boundaries/International-GCSE/2206-intgcse-9-1-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-subject-grade-boundaries.pdf, Notional Component Grade Boundaries - June 2022 - Mathematics in Context, /content/dam/pdf/Support/Grade-boundaries/core-maths/2206-l3c-notional-component-grade-boundaries.pdf, Grade Boundaries - June 2022 - Project Qualifications, /content/dam/pdf/Support/Grade-boundaries/Project-qualifications/2206-level-2-3-project-subject-grade-boundaries.pdf, Grade Boundaries - Summer 2022 - T Levels, /content/dam/pdf/Support/Grade-boundaries/t-levels/t-level-grade-boundaries-summer-2022.pdf, {{translateWord(navigationJson.covidTitle)}}, {{translateWord(navigationJson.subjectTitle)}}, {{translateWord(navigationJson.qualificationTitle)}}, {{navigationJson.qualificationcolumn1CTAtext}}, {{navigationJson.qualificationcolumn2CTAtext}}, {{navigationJson.qualificationcolumn3CTAtext}}, {{translateWord(navigationJson.supportTitle)}}, {{translateWord(navigationJson.aboutusTitle)}}, {{translateWord(navigationJson.contactusTitle)}}, Alcester Academy and North Bromsgrove High School, BTEC (Levels 1-3), Employability and Skills, Higher Education, Higher Technical Qualifications (HTQs) and LCCI, View grade boundaries from the most recent exam series. It is not acceptable to download these from a company website. need to worry about increased interest charges (1), Only interest is paid until the debenture is redeemed (1) Click the card to flip Definition 1 / 39 Budget Click the card to flip Flashcards Test Created by mtpfiffner Terms in this set (39) A financial plan to effectively and efficiently use a person's limited resources. this document for how to a pply levelsbased m ark (DUH1q-}"w|2}> ,T*'+` h9s As with any role play, it is strongly recommended to record the interviews (audio or visually) for a number of reasons. 12523 Comments Please sign inor registerto post comments. Show these changes in your securely all bullet points are displayed at th at band. endobj It means that the performance and asking/answering of analytical questions can be authenticated by the internal verifier and standards verifier. they have evidenced each of the descriptor bullet points. 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. 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} 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. Government and private (religious and secular) organizations offer ___________. I. \text{ } & \text{2018} & \text{2017}\\ \hline Break-Even Output. Last year's sales in 4 departments of the Grand Solutions Computer Company 2 most common time frames for interest to be compounded? 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 We set grade boundaries for each grade, at Distinction, Merit and Pass. 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. 100 marks available within the levels represent the progression of these skills. }\\ 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. 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. 4679 0 obj & \text{Cash} \ldots\ldots\ldots & \text{2,000}\\ Why People Use Them? Includes repair costs so peace of mind knowing that production should 11 : 0 . Management of business (planning, monitoring and controlling). They consist of two parts: indicati ve content and levels-based descriptors. Business. Displays a balanced evaluation demonstrating an awareness of 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. 0 or better and file a petition with the student adviser. Provides lit tle evidence of appli cation and li nks between relevant Posted at 18:52h in how to respond to i'll do anything for you by cotton collection made in peru. COMMUNICATING WITH CUSTOMERS Methods of interacting with customers, advantages and disadvantages: branch online banking telephone banking mobile banking postal banking. for how to apply levels-based mark schemes*. 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 \text{Equipment} & \text{$1,292,000$} & \text{$1,292,000$}\\ <>>> Prevents overstating the vehicles value so would comply with MARK SCHEME Duration: 1 hour and 30 minutes . 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. Personal Finance Unit 3 Test Term 1 / 39 A financial plan to effectively and efficiently use a person's limited resources. Torecordpaymentofaprepaidexpense.I. Examiners should also be prepared to award zero marks if the learners response is They should be thinking about future interviews and career development in this learning aim. Examiners should first make a holi stic judgement on which band most closely All of the grade boundaries for the BTEC externally assessed units are given in raw marks. would comply with accounting concepts, Give greater tax benefit in early years which would help grow the 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. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. products may be more suited to their needs (1), Accessibility to a range of services for those without devices or the No claims discount is not protected despite being second most 3 0 obj TorecordthisperiodsearningofpriorunearnedrevenueF. The features, outlined in the unit content, should be considered in equal measure in each business. %%EOF "Ernie owns a water pump. Learners can use Part A for familiarization but are not permitted to make notes to take with them into Part B. Different types of banks/ financial institutions? It would be better if the businesses were not in the same industry as this would give learners more scope to investigate the differences. 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. Torecordpaymentofaprepaidexpense.I. Many businesses publish such information online for potential recruits, but learners must not copy/paste chunks from a website as this doesnt show theyve understood the process. Discussion is partially developed, but will be imbalanced. BTEC BUSINESS Unit 3: Personal and Business Finance. Mark Or you could ask the learners to write a report. php/business-qualifications/btec-nationalsbusiness-level-3/btec-nationals-2016 www. bank branch and one further mark for development: Pearson BTEC Level 3 Nationals in Business Unit 3 Final Sample Assessment Materials 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. Unit 3: Personal And Business Finance . \quad & \text{Interest Revenue} \ldots\ldots\ldots & \quad & \text{5,000}\\ Provides little evidence of application and links between relevant When a person decides to save money, the first thing they should do is _________________. 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. 10. Evaluation is presented leading to conclusions but some may be We expect clear explanations of market theory, how the market will influence the chosen business when making pricing and output decisions. C.Torecordpaymentofanaccruedexpense. 12 ; Merit 15 20 . 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. Torecordthisperiodsuseofaprepaidexpense.D. 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 . <> \end{matrix} The paper will be marked out of 100 with 2 sections. BTEC National Business Unit 3 Resources These fantastic resources are designed to help students maximise their performance in Unit 3 (Personal and Business Finance). . 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. lacking support. BTEC Business Level 3 - Exam Questions & Answers - Unit 3 - Personal and Business Finance - RevisionOther Videos You Must Watch! which marks will be awarded and exempli fi cation may be limited. 15.00 Add to cart Share : Full description License Delivery & returns Business Assessment Resources Unit & Topic Assessments & \text{Prepaid Rent} \ldots\ldots\ldots & \text{4,500}\\ 1895 0 obj We want to see that the theory which youve taught is applied to the specific selected businesses. 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. Education Limited 2015, Level Mark Award up to 6 marks. There is also a sister page to support you in the delivery of this qualification. \text{Long-term liabilities:} & \text{ } & \text{ }\\ Part B is a three-hour supervised assessment taken on the timetabled date set by Pearson. All the units can be sold for p=100xp=100-xp=100x not worthy of credit according to the mark scheme. 5 0 obj 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 balance sheets for Fantasy Football for 2018 and 2017 are provided below. lacks clarity and fails to p rovi de an adequate answer to the question. Generic organisation charts and generic coverage of what different departments do is not appropriate. hbbd```b``d"""``H,\6D IFQ[,,[V/"%Ml% K&F _6 The specification for each unit includes the assessment criteria and guidance for assessors in the section headed 'Essential information for assessment decisions'. endobj \text{B. Learners are permitted to resit external assessments twice during their programme. 4 Award one mark for identification of an advantage to the consumer of using a Different rows costs if machinery breaks down. Business markets tend to be less well done as these concepts are more difficult to understand and apply to an actual business. hb```,l@( Gracen9111. Unit 3: Personal and Business Finance Revision Booklet 1 Learning Aim A: Understand the importance of managing personal finance, including: Functions and Role of Money (A1) Different ways to pay (A2) Current Accounts (A3) Managing Personal Finance (A4) Note: Unit 3: Personal and Business Finance covers both personal and business finance. When setting a budget, you must manage your _________ and limit your ___________. 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. 1. Two contrasting UK businesses operating in contrasting markets are required. All learners must receive the same treatment. R efer to the guidance on the cover of this Drug-List - A list of all drugs required for the exam including they receptors, action. supplier trying to get him to switch. thomassaunders00. \text{\_\_\_\_\_\_9.} startxref 4690 0 obj \end{matrix} 50 terms. \quad & \text{I. LEVEL 3 CAMBRIDGE TECHNICAL IN BUSINESS Unit 3: Business decisions. \text{Retained earnings} & \underline{2,209,400} & \underline{2,044,400}\\ competing arguments, le ading to conclusions. Torecordpaymentofanaccruedexpense.G. 120 . Paying forward- idea of taking things you have learned and been given and passing it on to another person Torecordthisperiodsdepreciationexpense. Recent flashcard sets. 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 Part S is completed on a computer. hb```df B,`q( 1uBHu{9.#[(` {{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.
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