The given statement, "Concert promoters still sometimes hire persons to count or photograph how many persons enter a venue or fill the seats inside in order to make their own estimate of ticket sales to compare with counts from the venue" is TRUE
.
<u>Explanation:
</u>
Concert promoters plan and host live music concerts, taking good care of everything from the setting of the price of tickets and the promotion of performances.
Fan customs differ depending on the city. Many fans will buy tickets within a few days or even allow walking on the same day that a concert is performed.
It can be difficult later to track payments to tickets sold for money, therefore an audience will always be undercounting.
In these cases, the venue might shorten the developer or the promoter might shorten the artist. In order to generate a separate crowd size estimate, some developers place hired people at the main gate of the event to count the public as they stream or photograph the crowd in their seats.
The present value of a security that will pay $17,000 in 20 years if securities of equal risk pay 5 annually is $13,320.
A financial calculation known as present value, commonly referred to as discounted value, assesses the value of a future sum of money or stream of payments in today's dollars after accounting for interest and inflation. In other words, it contrasts the purchasing power of one dollar today with that of one dollar in the future.
PV = FV/(1+r) ^n
Where, PV = Present value
FV = Future value
r = R/100
R = interest or discount rate
n = number of periods or years
Now,
PV = 17000/{1+(5/100)} ^5
PV = 17000/1.2762815625
PV = 13,320
Hence, present value is $13,320.
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Answer:
A) Obtain sufficient appropriate evidence about whether changes in the accounting policies have been appropriately accounted for and adequately presented and disclosed in accordance with the applicable financial reporting framework.
Explanation:
When such things happen, the auditor must search more information regarding the accounting policies and must evaluate if the company's accountants adopted accounting policies that are legal and adjust to applicable financial reporting (e.g. GAAP in the US). The auditor must also try to determine the effects of the applied policies and if all proper disclosures have been included or not. The auditor should also try to determine why the company's accounting department did that and how do they justify it.
Answer: Data mining
Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.
Answer:
Yes they can be used to purchase goods or invest in a business.
Explanation:
Loans from formal channels like banks and government agencies are usually given for an specific purpose if you own a business or can be handed out for any type of personal use if you request them as an individual. This applies to developed and developing countries.
Loans from informal channels can also be used by a business, specially small businesses, and obviously personal use. Large businesses will probably not take a loan from an informal channel since the interest rates will probably be higher and the amounts will be too small. But even on developed countries, someone who has just graduated can ask his/her parents or a friend for a loan to start a small business or buy a car. Informal channels are based on personal relationships and even though they don't represent a large percentage of loans in developed countries, they also exist.