Level 1 1-2 Demonstrates isolated knowledge and understanding of relevant information; there may be major gaps or omissions. Analysing Performance - The Balance Sheet. Cost of sales Gross profit (ii) (1) Expenses Lease (iii) (1) Wages (iv) (1) Utilities Other costs Total Expenses Profit/loss for the year (v) ECF (1) ECF applied where error carried forward from calculation of gross profit 32, 21 Indicative content 11 Advantages Record the amount of cash the business should have at any one time which can be compared with the actual amount to reduce the risk of theft Keep a record of trade payables/ expenses to ensure the correct amounts are paid by the due date Produce financial statements throughout the year which can then be used to measure performance Keeps track of stock so orders can be placed when required and to assist with stock takes and reduce loss by theft Maintain control of expenses so that profit level can be maximized To be aware of how much Dara owes / is owed Help comply with any legal requirements (6) Disadvantages Cost of purchasing and setting up the system Cost of training the staff Time spent changing from old system to the new one Errors in transferring data to the new system Cost of virus protection/updates Accept any other reasonable response. Lowering the price could make any losses bigger The mark awarded within the band will be decided based on the quality of the answer in response to the assessment focus/objective and will be modified according to how securely all bullet points are displayed at that band. Bankruptcy Advantages be able to retain it Exceptionally Priced. Flower; Graeme Henderson), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan). Retrouvez nous sur nos rseaux. itsprofitability. For our curriculum in Grade 12 we are going to use ratios to analyse the information available in the Income statement and the Balance sheet. Across all the papers a wide range of subject content will be examined. material, using the indicative content and levels descriptors Displays a well-developed and balanced discussion, demonstrating a A monthly repayment is agreed depending marking grid, the best fit approach should be used. and levels descriptors below. 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? clear and uses specialist technical language consistently. BTEC Level 3 National in Business / Enterprise and Entrepreneurship Business Decision Making 31589H. thorough grasp of competing arguments/pros and cons in context. - 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! Mark Scheme (Results) January Enterprise and Entrepreneurship Unit 3
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