Btec finance level 3 - Study guides, Class notes & Summaries

BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas Net Cash Flow - CORRECT ANSWER Total Cash Inflow - Total Cash Outflow Closing Balance - CORRECT ANSWER Opening Balance + Net Cash Flow Total Revenue - CORRECT ANSWER Selling Price X Quantity Sold Total Costs - CORRECT ANSWER Fixed Cost + Total Variable Costs Profit - CORRECT ANSWER Total Revenue - Total Costs Total Contribution - CORRECT ANSWER Sales Revenue - Total Variable Costs Contribution (Per Un...

BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formula Questions And Answers 2023

ICT- Unit 1 Level 3 BTEC questions with complete solutions 2023Application Software Application software is what allows the end user of an IT system to perform taks productivity software Productivity software is used to allow users to perform their work-based tasks more efficiently E.g. Word processing/Spreadsheet/Database/Presentation Graphics and Multimedia Software Graphics and Multimedia software is used to produce graphics and multimedia products on your computer system E...

BTEC BUSINESS UNIT 1 and BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas with complete solutions Business - CORRECT ANSWER an organization or economic system where goods & services are exchanged for money. Private sector - CORRECT ANSWER the part of the economy that involves the transactions of individuals and businesses Public sector - CORRECT ANSWER the part of the economy that is controlled by the government Not for profit sector - CORRECT ANSWER A bus...

BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas

BTEC Business Level 3 - Unit 3 – Finance Question and answer 2023what are the 6 types of personal borrowing? mortgages, hire purchase, payday loans, overdraft, personal loans, credit cards personal loan gives you the ability to borrow a set amount of money, normally for a specific purpose, to be repaid in regular instalments. payday loan short term source of finance used to bridge the gaps between now and next receiving a wage credit card goods are paid for by card and...

BTEC NATIONAL LEVEL 3 BUSINESS UNIT 3 PERSONAL AND BUSINESS FINANCE TEST 2024 Car insurance Ans - A requirement to drive on UK roads, but can be third party Pet insurance Ans - Covers the cost of veterinary treatment, but not a requirement Health Insurance Ans - Insurance that supports your medical condition, but not a requirement Travel Insurance Ans - Covers multiple factors when abroad Life Insurance Ans - Help to cover family if you die Home and Contents insurance Ans - Pro...

BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas Question correctly answered 2023Net Cash Flow Total Cash Inflow - Total Cash Outflow Closing Balance Opening Balance + Net Cash Flow Total Revenue Selling Price X Quantity Sold Total Costs Fixed Cost + Total Variable Costs Profit Total Revenue - Total Costs Total Contribution Sales Revenue - Total Variable Costs Contribution (Per Unit) Selling Price - Variable Cost (per unit)...

BTEC Level 3 Personal and Business Finance (Ratio Formula) Question and answer rated A+ 2023Gross Profit Margin gross profit -------------- x 100 revenue Mark-up gross profit -------------- x 100 cost of sales Net profit margin profit ---------- x 100 revenue (ROCE) Return on capital employed profit ----------------- x 100 capital employed Current Ratio current assets ------------------ current liabilities Liquid Capital (current assets - invent...

BTEC IT Level 3 - Unit 1 Exam 698 Questions with Verified Answers What is a digital device? -CORRECT ANSWER Piece of physical equipment that uses digital data, such as by sending, receiving, storing or processing it. What 9 types of digital devices are there? -CORRECT ANSWER 1. Personal Computers 2. Mobile Devices 3. Servers 4. Entertainment Systems 5. Navigation Systems 6. Multifunctional Devices 7. Digital Cameras 8. Data capture and Collection Systems 9. Communication device...