business enterprise and entrepreneurship btec 31463h 2019 mark scheme

Legacy qualifications are qualifications that are no longer available for teaching or studying. 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. are minor. description of information. Cash Flow Statement. They're available free to teachers and students, although only teachers can access the most recent papers sat within the past 9 months. Evidence of application demonstrating some linkages and Logical reasoning evidenced throughout response which is clear 2337 0 obj Unit-3-Personal-and-Business-Finance-June-2019-MS.pdf. conduct business faster (1). Mark Scheme January 2022 By SaveMyExams , Uploaded: Jul 02, 2022 BTEC Nationals $4 0 BTEC Nationals $4.00 Add to cart Instant download OR Can't Find what you want? cts of. uP@YVX 8;G}Ei>3TTPzJac# .6H3g`s4bd, H3]Q` w All marks on the mark scheme should be used appropriately. Learners must be rewarded for what they have shown they can do, rather than be penalised for omissions. - The current assets figure is either 952, 7 009 or 7 637, Award 2 marks for giving the formula in numbers that included the Entrepreneurship - BTEC Level 3 in Business qualification Page 19/52 ( B has! Ensure bills are paid (1) to avoid legal Provides little evidence of weighing up of competing arguments/pros and cons in context; discussion likely to consist of basic description of information. A-LEVEL BUSINESS Paper 3 Specimen Assessment Material Mark scheme Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions, by a panel of subject teachers. Marks will be awarded towards the top or bottom of that band, and uses specialist technical language consistently and Advantages of using debit cards (10) Can be a convenient and quick method of payment Can be a secure method of payment with lower risk of theft than some other types of payment Widely accepted Can offer some protection on purchases Suitable for online transactions Customer knows how much they are spending on each transaction and so can control their expenditure from their account Debit cards can be cancelled if lost You cannot spend money that you have not got available in the account Disadvantages of using debit cards Short time period between transaction and money leaving account May not be accepted for small transactions or by some Some retailers have a minimum spend or charge for small amounts May lose track and spend more than you wanted to unless you check your account balance regularly May lose track of payment deadlines and could forget which could lead to other problems such as debt or impacting on credit rating May be more expensive than other methods (such as direct debit) which often offer a discount May waste time for regular bills such as utilities which could be done automatically so no logging on or contacting the provider to pay If the card is contactless could be stolen and used Other methods of payments may offer other benefits that debit cards do not 27, 10 scheme (award up to 10 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*. valid items. %PDF-1.5 % Beau wants to understand how Waterz is performing in terms of both its liquidity and Mark Scheme. Pearson BTEC Level 3 Nationals Extended Certificate . endobj Discussion is partially developed, but will be imbalanced. unting. Bankruptcy Advantages 36, 23 Answer 12 Advantages Positive contribution of 30 per coffee machine Increased contribution of Profit of if sales and costs are accurate Margin of safety of 40 units so the coffee machines should break even if sales are accurate Increased of new customers which may increase sales of related goods Business is less reliant on smaller range of goods (8) Disadvantages Loss of floor space which may reduce sales of coffee Small margin of safety which means if sales fall a loss could be made Customers may be put off by sales displays whilst using the coffee shop Staff may not have the knowledge/may need training to sell the goods May not be able to accommodate new customers due reduced floor space Additional staff may be required 340 sales is a prediction and may not be accurate 37, 24 scheme (award up to 8 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*. and customers and so impact on future business and 26, 9 Indicative Content 5 Potential factors that learners may consider in their response: Learners may discuss the significance of the relative advantages and disadvantages of using a debit card as a method of payment in the context of the question. She operates as a sole trader from shop premises. 0000002763 00000 n You could lose your assets, such as your house Chapter 6. on to the next one and come back to the question at the end. appointment, Westshire Yes Online GP service discretion of the company. Centre Number Learner Registration Number. Page 1 of 8 Print this page FINANCIAL STATEMENTS STUDY OBJECTIVE 8 Understand the four financial statements and how they are prepared. This is summarised on a tracker grid. Download File View File. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. . Lynne is self-employed. CHAPTER 4. Level 0 0 No re wardable material. GCSE Business (5BS03) Paper 01. Sample Exam Paper Question 1 The difference between an income statement and an income and expenditure account is that: A. Lowering the price could make any losses bigger %%EOF recorded on the Insolvency Register Examiners should always award full marks if deserved, i.e. less than IVA 0000002098 00000 n 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 clarity and fails to provide an adequate answer to the question. matilda jane order status Accept alternative wording in labels, e. total interrelationships between factors leading to a supported Meaning may be conveyed but in a non-specialist way; response lacks Level Demonstrates accurate knowledge and understanding of relevant information with a few omissions. (1), 21 000 22 600 28 480 14 250 (ii) 8 This specification update is for first teaching September 2020 and first assessment May 2022. FINANCIAL STATEMENTS Accounting standards require statements that show the financial position, earnings, cash flows, and investment (distribution) by (to) owners. perception of where the grade boundaries may lie. Answer ALL questions. Mark scheme (award up to 12 marks) refer to the guidance on the cover of this document Past papers and mark schemes accompanied by a padlock are not available for students, but only for teachers and exams officers of registered centres. Meaning may be conveyed but in a non-specialist way; response lacks clarity Level Demonstrates accurate knowledge and understanding of relevant information with a few omissions. Premium Services. Evidence of application demonstrating linkages and interrelationships between factors leading to a supported judgement/judgements being made. lacking support. The indicative content that follows is not Level Award up to 12 marks. 0000004708 00000 n maximum. (10) In December 2018, current ratio was 0.85:1 and liquid capital ratio was 0.84:1. Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world's leading learning company. Level 0 0 No rewardable material. material, using the indicative content and levels descriptors appropriate specialist technical language. Home. response lacks clarity and fails to provide an adequate answer Meaning may be conveyed but in a non-specialist way; response lacks clarity and fails to provide an adequate Assessment likely to consist of basic description of information. active ), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Human Rights Law Directions (Howard Davis), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Certain job roles will be affected, e. 9, October November December January February March, Cash sales 21 000 22 600 28 480 14 250 8 750 9 825, Credit sales 0 0 0 0 (i) 0 (1) (v) 8 750 elsewhere to fund expansion. banks (1) building societies (1) accountants (1) Financial In each case, identify whether the transaction is an example of financing, investing or operating, Glossary of Accounting Terms Account - Something to which transactions are assigned. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. Demonstrates the use of logical reasoning, clarity, and appropriate specialist technical language. Level Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. Accounting. Learning outcomes for the Diploma in Business Competence (EBCL), STATEMENT OF CHANGES IN FINANCIAL POSITION, Chapter Objectives. Evidences thorough application containing linkages and Genera January. (1) Money Advice Service (1) comparison websites (1) Logical reasoning evidenced throughout response which is clear and uses specialist technical language consistently. Evidences the weighing up of competing arguments/pros and cons in context. Conclusions may be presented, but are likely to be generic assertions There are two types of banks, commercial banks, GCSE BUSINESS STUDIES 413002 Growing as a Business Mark scheme 4133 June 2014 Version 1.0 Final Mark schemes are prepared by the Lead Writer and considered, together with the relevant questions, by a panel, Foundations in Financial Management (FFM) September 2016 to June 2017 This syllabus and study guide is designed to help with teaching and learning and is intended to provide detailed information on what, KEY GUIDE Setting up a new business The business idea Some of the decisions and actions that you take when starting a business can have significant effects for some time. Your bank account will be frozen for a period of time 29, 18 Answer mark 9 (b) Award 3 marks for the correct answer of Accept correct figure without pound sign, i.e Accept correct answer anywhere in workings box (3) OR Award up to 1 mark for formula in words or s: Break even = Fixed costs / selling price variable cost per unit Break even = Fixed costs / contribution per unit Break even = Fixed costs / (3.80 ( )) Break even = Fixed costs / ( ) Break even = Fixed costs / = Fixed costs / 2.70 Accept any other appropriate representation of these formulae. 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. <<7382272CAEB1B2110A00F08B18E6FD7F>]/Prev 609083/XRefStm 1750>> telephone (1) mobile app (1) postal (1) email (1). Meaning may be conveyed but in a non-specialist way; Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance. Conclusions may be presented, but are likely to be generic <>stream appropri ate specialist technical language. You do not need creditor approval to go bankrupt. Analysing Performance - The Balance Sheet. Level 4 10-12 Demonstrates accurate and thorough knowledge and understanding of learners should be rewarded for other relevant answers. Logical reasoning evidenced throughout response which is This is because the assessment material was reused from the cancelled summer 2020 examination series. , Neys Provincial Park Campground Map , Successful Recidivism Programs , Do All Police Officers Wear Body Cameras Uk , Mount Austin New House Project , Congruent Triangles Answer Key , Mario Lego Shopee , Pictures Of Hip Replacement Scars , 1/4 Cut-off Wheel Mandrel For Die Grinders And Drills. Provides little evidence of application and links between the Citizens Advice Bureau hb```b``1e`a`9 l@!"b ">r .$8. The marking grids have b een designed to assess learner work holistically. document for how to apply levels-based mark schemes*.

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