100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Aqa As level business unit assessment $9.83   Add to cart

Exam (elaborations)

Aqa As level business unit assessment

 55 views  0 purchase
  • Course
  • Institution
  • Book

This document contains questions on what is business and management and leadership which is used in schools for assessment

Preview 2 out of 9  pages

  • October 19, 2021
  • 9
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
avatar-seller
MARK SCHEME




AQA A Level
Business
Unit Assessment
This Unit Assessment covers:
3.1 What is Business?
3.2 Managers, leadership
and decision making

, ©




Section A

Question Number Answer Question Number Answer
1 A 4 A
2 D 5 C
3 C




Section B

06 Aphrodite is a designer menswear store located in Sunderland. Last year Aphrodite had fixed costs of
£180,000 (per year) and their average selling price was £80. Variable costs were 2/5ths of the average
selling price and the business sold 8,000 items.

Calculate how much profit Aphrodite made last year. Show your workings.
(4 marks)


Marks for this question = A01 = 2 and A02 = 2

Total Revenue = Price x Quantity Sold = £80 x 8,000 = £640,000 (1 Mark)
Total Costs = Fixed Costs + Total Variable Costs = £180,000 + (2/5 of £640,000)
OR £180,000 +(8,000x 2/5 of £80)
= £180,000 +£256,000 = £436,000 (2 marks)
Profit = Revenue – Total Cost = £640,000 - £436,000
= £204,000 (4 Marks)

Contribution method: Contribution per sale = £80 x 3/5 = £48
Profit = (contribution per sale x sales) – Fixed Costs
= (£48 x 8000) - £180,000
= £384,000 - £180,000 = £204,000 (4 Marks)
204,000: No £ sign (3 Marks)
Clear workings and all correct with one arithmetical error (MAX) 3 marks
If no valid calculation: award 1 mark for correct formula




Page 2 AQA A Level Business Unit Assessment Mark Scheme

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller peterstephanie. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.83. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.83
  • (0)
  Add to cart