business enterprise and entrepreneurship btec 31463h 2019 mark scheme
0000103636 00000 n Through hands-on experiences, students will have opportunities to develop the values . endstream endobj 124 0 obj <>stream to ensure purchases are affordable / best deal / Accept correct answer anywhere in workings box. Your bank account will be frozen for a period of time Dr. Cr. Level 2 34 Demonstrates accurate knowledge and understanding of relevant Learners must be rewarded for what Legacy qualifications are no longer available for teaching or studying. than most bankruptcies Displays a well-developed and balanced assessment leading to rationalised judgements on significance. Examiners should always award full marks if deserved, i.e. Evidences thorough application containing linkages and interrelationships between factors leading to a judgement/judgements being made. We provide, Mark (Results) Summer 01 GCE Core Mathematics (6664/01R) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. Mark scheme, Examiners Report June 2013. . They're available free to teachers and students, although only teachers can access the most recent papers sat within the past 9 months. A monthly repayment is agreed depending Examiners should Level 4 10-12 Demonstrates accurate and thorough knowledge and understanding of She is considering buying private health insurance because demonstrating a thorough grasp of competing arguments, leading to unit 3 personal and business finance 2019 mark scheme. When examiners are in doubt regarding the application of the mark scheme to a learner s response, the team leader must be consulted. ;bN7yZnxzqtn.B\1ztY)''Pk1C0)7a/M(Hgq.\@/_H*4,uGMFMg~a4i8~lE8^eHqb||yqb^.bIo_yUu3XvqpiV&}==5 to the question. Level Award up to 6 marks. Provides little evidence of application and links between relevant If your property is in negative equity you may relevant information; there may be major gaps or omissions. Discussion is partially developed, but will be imbalanced. 0000103117 00000 n 24, 7 Indicative content 4 Points candidates may use are: Advantages Debt counsellors can inform debt collectors on the client s behalf, which can give up to 30 days breathing space Advice is given by professionals Advice given to help manage current debts Advice given on how to avoid getting into future debt Advice is independent so is, therefore, unbiased Regulated by FCA and FOS, which set standards Debt counsellors can create a debt management plan Can be a free service Can be more personal with a named person (either face to face, via telephone or online Can help support with managing psychological/mental health related to being in debt Disadvantages The repayment plans will take longer to repay than the debts up to seven years Debt counselling is not free debt counsellors receive a monthly fee You cannot get credit while you are undertaking debt counselling All debt counselling agreements end up in court to get a consent order You still have to demonstrate to the court that you are making changes to manage your money Creditors may still not agree to your proposals Could lose time at work, and therefore, further earnings. Conclusions may be presented, but are likely to be generic assertions rather than supported by evidence. demonstrating a thorough grasp of competing arguments/pros Judgements on significance may be presented, but are likely to be generic assertions rather than supported by evidence. 1 Award one mark for any of the following up to a response lacks clarity and fails to provide an adequate Judgements on significance may be presented, but are likely to be generic assertions rather than supported by evidence. Personal and Business Finance. CHAPTER 2 Key terms OBJECT OF ACCOUNTING ASSETS AND LIABILITIES Asset, liability, equity, not-own-capital, temporary accounts, intangible and tangible assets, net profit/loss of current period, fixed assets, MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size, 9. Pearson Edexcel GCSE in Mathematics Linear (1MA0) Higher (Non-Calculator) Paper 1H, Mark Scheme (Results) June 2015. Level Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. document for how to apply levels-based mark schemes*. She knows that ill-health will have Level 1 13 Demonstrates isolated knowledge and understanding of omissions. Evidences thorough application leading to a balanced analysis containing linkages and interrelationships between factors. Which industry, Chapter Objectives Chapter 6. The Essential Guide to STARTING A BUSINESS, Version 1. 750 (1), Purchases 11 480 12 300 14 500 8 200 (iii) 0(1) (vii) 9 4 50 ), Introduction to Profit and Loss Accounts and Balance Sheets, Mark Scheme (Results) January 2013. 30, 13 Section B Business Finance Answer 7 Award 1 mark for each source identified, up to a maximum of 2 marks: (2) Cash sales Credit sales Sales* Rent received Commission received Interest received Discount received * NB If a mark is given for either of cash sales or credit sales do NOT reward sales. Level Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. You could lose your assets, such as your house Provides little evidence of weighing up of competing arguments/pros Displays a balanced evaluation demonstrating an awareness of Logical reasoning evidenced throughout response which is Accept formula with sales, sales revenue or turnover instead of revenue. Mark scheme (award up to 6 marks) re fe r to the guidance on the cover of this {{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, What past papers are available when, and to whom, Labelling of October/November 2020 past papers, {{examSeriesItem.facetValue | cleanTitle}}. could have for a small business such as Waterz. You may need a file sharing application like Dropbox to be able to view a zip file on your mobile phone, {{ modalSubject | filterPageProperties:'modalDescription' }}, "No subjects are available at the moment", "No exam series are available at the moment", {{navigationJson.popularQualificationtitle}}, {{navigationJson.qualificationcolumnTitle1}}, {{navigationJson.qualificationcolumnTitle2}}, {{navigationJson.qualificationcolumnTitle3}}. because of the risk Accounts Payable (Sundry Creditors) 4 3. Past papers and mark schemes accompanied by a padlock are not available for students, but only for teachers and exams officers of registered centres. relevant information with a few minor omissions. GCE Core Mathematics 2 (6664/01R), Sample Assessment Materials (SAMs) Pearson BTEC Level 3 Nationals in Art and Design. The published starting time of all examinations for UK centres is either 9.00 a.m. or 1.30 p.m. Is there a market for the goods you will produce or the services you will supply? learners should be rewarded for other relevant answers. Beau knows that it is important to cover all of his costs so that he can at least break-even. Benchmarks 4 6. Pearson BTEC Level 3 Nationals Certificate, Extended Certificate, Foundation Diploma, Diploma, Extended Diploma . Operating Cash Conversion Cycle 9.1 Current Assets and 9.1.1 Cash A firm should maintain as little cash as possible, because cash is a nonproductive asset. Supporting Your Child During Study Leave. question. This is because the assessment material was reused from the cancelled summer 2020 examination series. Examiners must mark the first learner 11 (a) Award one mark for each as shown. Total Marks. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. maximum of two marks: Face to face/branch (1) online chat (1) online forum (1) <>stream development, to a maximum of two marks for each on circumstances (usually at least 200) Higher Level, Mark Scheme (Results) Summer 2012. Level Descriptor Level 0 0 No rewardable material. Discussion is partially developed, but will be imbalanced. 35, 22 3 5 6 Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. Employee Guide, Foundations in Financial Management (FFM) September 2016 to June 2017, Week 8: Raising and managing working capital, ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION, Loans Mentoring Support. appropriate specialist technical language. 42, 30 For more information about Edexcel, BTEC or LCCI qualifications visit qualifications.pearson.com BTEC is a registered trademark of Pearson Education Limited Pearson Education Limited. Level 2 34 Demonstrates accurate knowledge and understanding of relevant We provide a wide range, Pearson BTEC Level 3 Nationals in Art and Design Unit 6: Managing a Client Brief Sample Assessment Materials (SAMs) For use with: Diploma in Photography Diploma in Graphics Diploma in 3D Design and Crafts, Scheme (Results) Summer 2012 GCSE Business (5BS03) Paper 01 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. Offers a range of financial products/services (1) which means customers do not have to use other financial providers (1) Credit unions are able to help people in specific communities (1) because they are locally based (1) They do not have shareholders to pay dividends to (1) because they are non-profit making organisations (1). advantages and disadvantages within some context. Although fixed costs will increase by 1 200 this is more Reasons for Using Credit. that band. Evidence of application demonstrating linkages and interrelationships between factors leading to a supported judgement/judgements being made. The maximum length for an individual case. this is a past paper from my exam and it is very helpful. The indicative content that follows is not Chapter 6. 9 Explain one benefit of using a cash flow forecast. = 78912 (OFR) No aliens - 9654(OFR) No aliens Level 1 12 Demonstrates isolated knowledge and understanding of relevant c?}{ujmf%'/dedu^2RPGt(9QkP-uD=qVJ3*1XBLFbFZqIXe [> We provide. There's more than one qualification for this subject. so, I think it would be useful for a lot of students studying btec level 3 business please check the Skip to document Ask an Expert Sign inRegister Sign inRegister Home Level 2 4-7 Demonstrates accurate knowledge and understanding of information; there may be some gaps or omissions. FINANCIAL STATEMENTS Accounting standards require statements that show the financial position, earnings, cash flows, and investment (distribution) by (to) owners. 3 Award one mark for the identification of a benefit and B:;wOcuYH"fxIY)fQ$mn )+_ >!hC0*-h&pou Level 1 13 Demonstrates isolated knowledge and understanding of to the question. Logical reasoning evidenced throughout response which is clear and uses specialist technical language consistently. Dr. Cr. Attempt all questions of Section A and any one question of Section, Multiple Choice Questions 1. Level 3 78 Demonstrates accurate and thorough knowledge and When using a Dr. Cr. Demonstrates the use of logical reasoning, clarity, and appropriate 0000002763 00000 n Current qualifications are live qualifications that are available for teaching and studying. 31463h business mark scheme. Indicative content reflects specific content-related points that a learner might make. Answer ALL questions. Please note that the past paper search on this page is for unmodified formats only. basic description of information. What past papers are available when, and to whom Address Edmonton Alberta & Surrounding Area. Unit 3: Personal and Business Finance (31463H) Author: mohamed_h Created Date: 10/02/2017 04:06:00 Title: Microsoft Word - 31463H_Unit 3_rms_20170817 Last modified by: appointment, Westshire Yes Online GP service Qualification Summary answer to the question. BTEC Nationals Enterprise and Entrepreneurship (2016) Specification Download PDF | 883.2 KB The Certificate offers an introduction to a vocational sector through applied learning. 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Conclusions may be presented, but are likely to be generic assertions rather than supported by evidence. Marking Scheme. Do not accept online with online chat/online forum as two (472 / 10080) x 365 (1). learner in exactly the same way as they mark the last. leads to reduction in sales and poor service Unit 3: Personal and Business Finance - sample mark scheme General marking guidance All learners must receive the same treatment. Pearson BTEC Level 3 Nationals Extended Certificate . needs, Higher disposable income may lead to saving, May downsize to reduce expenditure / create Lower price may attract more customers, higher sales and Jenny has agreed a 30-day credit period with her suppliers. s will be awarded towards the top or bottom of that band depending on how they have evidenced each of the descriptor bullet points. thorough grasp of competing arguments/pros and cons in context. Refer to the guidance on the cover of this document for how to apply levels based mark schemes 0 No rewardable material Demonstrates knowledge and understanding of relevant information; there may be major gaps or omissions. clarity and fails to provide an adequate answer to the question. severe than they are for someone who has been Entrepreneurship. Trade receivables have increased meaning customers have been given more credit and reducing amount of cash in the business. and interrelationships between factors leading to an Components and Format of the Cash Flow Statement 3 3. Level 1 13 Demonstrates isolated knowledge and understanding of relevant GCE Business Studies (6BS01) Paper 01, tutor2u tutor2u Interactive Business Simulations Finance: Cash Flow Management, Version 1. Level 0 0 No rewardable material. and levels descriptors below. Increase in overdraft is predicted possibly due to cash shortages following the purchase of the van. They are cooperatives (1) because they are controlled by members (1) Accept any other appropriate answer. Provides little evidence of application and links between relevant information. (1), 22 253 22 245 25 700 18 163 (iv) sales, Award one mark for calculation of original cost of sales. supported conclusions. Activity 27.2 (page 497): April cash flow 1 Draw up a revised cash-flow forecast for April assuming: cash sales are forecast to be $1,000 higher, Guide to cash flow management Cash flow management What is cash flow management? Level Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. Answer 2 Award 1 mark for each disadvantage of a Premium Bond stated, up to a maximum of 2 marks: (2) Minimum purchase amount is 100 / Minimum purchase is 50 if paid by standing order (1) Little chance of winning the top prizes (1) Maximum amount reviewed annually (1) Have to be over 16 to buy them (1) No guaranteed return (1) No interest earned (1) Loses real value due to inflation / loses value due to inflation (1) Total amount limited to 50,000 / Maximum amount limited to 50,000 Accept any other appropriate answer. are minor. Need money to pay wages, or staff will leave, which BTEC Level 3 National in Business / Enterprise and Entrepreneurship Business Decision Making 31589H. discretion of the company. contingency plan (1). For further information visit our qualifications websites at or for our BTEC qualifications. Januar 19, 2023 . accountants and solicitors Examiners should always award full marks if deserved, i.e. Or clear and uses specialist technical language consistently. (1), trade payable/credit purchases Unit-3-Personal-and-Business-Finance-June-2019-MS.pdf. businesses, how customers view the product (they may see revenue, sales, revenue, sales revenue, total costs. WORKING CAPITAL MANAGEMENT What is Working Capital Working capital management is the set of activities that are required to run day to day operations of the business to ensure that cash is adequate to, FCS5510 Sample Homework Problems Unit04 CHAPTER 8 STOCK PROBLEMS 1. Bankruptcy advice is free if you get it from Cross) Interpersonal Communication (Kory Floyd) 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 P. GCSE History B (5HB02/2C) Unit 2: Schools History Project Depth Study Option 2C: Life in Germany, c1919- c1945, Ratio Analysis. You are likely to keep your house and other assets, time (1) so you can control spending more Flower; Graeme Henderson), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan). KEY GUIDE Setting up a new business The business idea You have a business idea, but can you turn it into a viable enterprise? relevant information; there may be major gaps or 0000004533 00000 n points. Learning Objectives FI3300 Corporation Finance Spring Semester 2010 Dr. Isabel Tkatch Assistant Professor of Finance Explain the objectives of financial statement analysis and its benefits for creditors, A) Liquidity Ratio : - Ratio Analysis 1) Current ratio = Current asset Current Liability 2) Quick ratio or Acid Test ratio = Quick Asset Quick liability Quick Asset = Current Asset Stock Quick Liability, Teacher Resource Bank GCE Accounting Other Guidance: ACCN2 Update on IAS ACCN3 Updates on IAS (July 2012). Evidence of application demonstrating some linkages and they contribute to, Limited income so likely to spend what they receive, Some may save small amounts towards things that understanding of relevant information; any gaps or omissions How to Get Credit. Level Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. Total cost = total variable cost + total fixed costs (1) or of your investment xref The financial statement summarizing the value of a firm's equity on a particular date is the: a. income statement. It is recorded publicly on the Insolvency Register He estimates figures for the coming year: (d) Calculate how many bottles Waterz needs to sell to break-even. Operating Cash Conversion Cycle, A guide to help you make the most of Your Choice. sales Level Demonstrates accurate knowledge and understanding of relevant information with a few omissions. information with a few minor omissions. This will start in February. Logical reasoning evidenced throughout response which is clear Short Term Credit Management. appropriate specialist technical language. prescriptive. Mark Scheme (Results) Summer 2017 . Could receive dividend on each share 1Scheme (Results) January 2019 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) 2Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world s leading learning company. You should spend up to 75 minutes on this section. Dividends may not be paid depending on the Evidences the weighing up of competing arguments/pros and cons in context. response lacks clarity. Evaluation is presented leading to conclusions but some may be A bank is a financial institution licensed as a receiver of cash deposits. Displays a balanced evaluation demonstrating an awareness of competing arguments, leading to conclusions. 0000004882 00000 n @ (&:WHHgO[2+>;k=lXgjnOo ;#b11DbS+x$D4,ltf{(kN#! DJt040`TgH@Oi. Bank has reduced by ( including overdraft) Higher inventories forecast in March 2019 spending more cash in order to stock the van Overdraft fees may be charged Interest may be charged on any overdraft Positive impact Trade payables have increased by meaning he has extended credit with his suppliers the business could be working more efficiently/making better use of its resources The biggest impact of the planned purchase of the van will be on non-current assets, reducing liquidity, however other trends such as trade payables will have a positive impact. To use this website, you must agree to our, Mark Scheme (Results) January 2014. Conducting examinations Each examination must be taken on the day and at the time as shown on the timetable. relevant information with a few omissions. $E}kyhyRm333: }=#ve Jenny believes that 50% of her action/repossession/ remain solvent/avoid prescriptive. Investments always involve risk you could lose all As a form of insolvency an IVA is still publicly <<7382272CAEB1B2110A00F08B18E6FD7F>]/Prev 609083/XRefStm 1750>> Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Human Rights Law Directions (Howard Davis), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Public law (Mark Elliot and Robert Thomas), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan), Electric Machinery Fundamentals (Chapman Stephen J.). itsprofitability. %%EOF valid items. appropriate specialist technical language. (8). INTRODUCTION 3 2. Level Award up to 6 marks. Mark Scheme (Results) June 2019 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with
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