BTEC business level 3 unit 3 personal business and finance Watch

student227
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Is anyone doing the exam on Wednesday 16th Jan 2019??
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=Elizabeth=
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I am
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ominouss
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hi, does anyone have a formula sheet?
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s kun
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FORMULAS FOR SECTION Unit 3 BTEC Extended Certificate Level 3 1.Sales revenue = Price x Quantity (or Gross profit cost of sales )2.Total Cost = Fixed Cost (total) Variable costs 3.Total Variable costs = variable cost per unit x Quantity 4.Contribution per unit = Price – Variable costs (per unit) 5.Total contribution (using 3) = Contribution per unit x quantity 6.Total contribution (also) = Sales Revenue – total variable costs7.Profit = Sales revenue- total costs 8.Profit (using total contribution) = Total contribution – Fixed Costs 9.Net cash flow = Total inflows (receipts) – Total Outflows (payments)10. Break-even output = Fixed CostPrice – variable cost (per unit) 11.Margin of safety (units) = Actual Output – Break even output12.Margin of safety value = Actual Revenue – Break-even revenue 1.Cost of sales = Opening inventories Purchases – Closing Inventories 2.Gross Profit = Sales – Cost of Goods sold 3.Net profit (profit for the yr) = Gross Profit – Expenses Other income 4.Net current assets = Current assets – current liabilities (Also known as net current assets/liabilities and working capital) 5.Net Assets = Total Assets – Total Liabilities 6.Gross profit margin: = Gross Profit/sales rev x 100%7.Mark-up = Gross Profit /cost of goodsx100% 8.Profit margin = Profit /sales revx100%9.Return on capital employed (ROCE):= Profit before tax and interest/cap employed x 100.Current ratio = Current Assets /Current Liabilities :111.Liquid capital ratio: = Current Assets – Inventories /Current liabilities :112.Trade receivable days= Trade receivables/credit sales x 365 days13. Trade Payable days= Trade Payable/credit purchases x 365 days 14. Inventory turnover=Average Inventory/ cost of goods x 365 days b. Average inventory = Opening inventories Closing Inventory 15.Straight line depreciation = Historic Value - residual value /Expected YRS 16.Reducing balance depreciation = reduce by the % provided 17.Net book Value = Historic cost – Accumulated depreciation Good luck
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Taimoor111
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Who’s taking the exam tomorrow?
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Asliah
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Me, any predictions?? (Original post by Taimoor111)Who’s taking the exam tomorrow?
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ominouss
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(Original post by s kun)
FORMULAS FOR SECTION Unit 3 BTEC Extended Certificate Level 3 1.Sales revenue = Price x Quantity (or Gross profit cost of sales )2.Total Cost = Fixed Cost (total) Variable costs 3.Total Variable costs = variable cost per unit x Quantity 4.Contribution per unit = Price – Variable costs (per unit) 5.Total contribution (using 3) = Contribution per unit x quantity 6.Total contribution (also) = Sales Revenue – total variable costs7.Profit = Sales revenue- total costs 8.Profit (using total contribution) = Total contribution – Fixed Costs 9.Net cash flow = Total inflows (receipts) – Total Outflows (payments)10. Break-even output = Fixed CostPrice – variable cost (per unit) 11.Margin of safety (units) = Actual Output – Break even output12.Margin of safety value = Actual Revenue – Break-even revenue 1.Cost of sales = Opening inventories Purchases – Closing Inventories 2.Gross Profit = Sales – Cost of Goods sold 3.Net profit (profit for the yr) = Gross Profit – Expenses Other income 4.Net current assets = Current assets – current liabilities (Also known as net current assets/liabilities and working capital) 5.Net Assets = Total Assets – Total Liabilities 6.Gross profit margin: = Gross Profit/sales rev x 100%7.Mark-up = Gross Profit /cost of goodsx100% 8.Profit margin = Profit /sales revx100%9.Return on capital employed (ROCE):= Profit before tax and interest/cap employed x 100.Current ratio = Current Assets /Current Liabilities :111.Liquid capital ratio: = Current Assets – Inventories /Current liabilities :112.Trade receivable days= Trade receivables/credit sales x 365 days13. Trade Payable days= Trade Payable/credit purchases x 365 days 14. Inventory turnover=Average Inventory/ cost of goods x 365 days b. Average inventory = Opening inventories Closing Inventory 15.Straight line depreciation = Historic Value - residual value /Expected YRS 16.Reducing balance depreciation = reduce by the % provided 17.Net book Value = Historic cost – Accumulated depreciation Good luck
thanks!
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Genesisyt
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(Original post by =Elizabeth=)
I am
How was it? Have u got any idea on what came up?
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student227
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(Original post by =Elizabeth=)
I am

how did the exam go today???
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=Elizabeth=
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Oml I have it tomorrow not today....I replied “ I am” about Wednesday...
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asadaccount
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gonna be such a hard exam i won't be able to remember all the formulas
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Ibrahimali0102
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I am sitting the exam tomorrow as well I swear after this exam my hands will be destroyed
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Nabeel16
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(Original post by student227)
Is anyone doing the exam on Wednesday 16th Jan 2019??
Did you do the exam and if you did what was on it?
Last edited by Nabeel16; 1 year ago
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Keshi90
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Un-official mark scheme anyone???
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Asliah
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How did you all find it?
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mprzada
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How long do we need to wait for results?
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mprzada
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when are the exam results?
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Asliah
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(Original post by mprzada)
How long do we need to wait for results?
I think results is March 13th 2019 but should be deffo in March
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mprzada
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(Original post by Asliah)
I think results is March 13th 2019 but should be deffo in March
Thank you
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asadaccount
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how did everyone find it? i thought the first page was actually really good but after that i was gone aha, don't even think i passed to be fair
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