The Daily Horizon

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Are bond prices quoted clean or dirty?

Although bonds are typically quoted in terms of the clean price, investors pay the dirty price unless the bond is purchased on the coupon payment date. Ho...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is one troy ounce of gold?

31.1035 grams A troy ounce contains 31.1035 grams of 24 karat pure gold and there are approximately 32.15 troy ounces in a kilogram. The gold troy ounce i...

Do finance companies charge high interest rates?

Commercial financing institutions generally charge higher interest rates than banks and credit unions, but they are also more likely to approve a loan req...

What is the best method of capital budgeting?

Most managers and executives like methods that look at a company’s capital budgeting and performance expressed in percentages rather than dollar figures. ...

How much gold does Canada sell?

The value of Canadian gold exports in 2019 was $22.3 billion, a 28.9% increase from the previous year’s total of $17.3 billion. Canada’s exports of unwrou...

Is starting a perfume business profitable?

Starting a perfume business combines artistic personal expression and business know-how, and if approached correctly, it can result in an excellent profit...

How do credit sales affect accounts receivable?

When a customer purchases merchandise on credit, the accounts receivable balance on the seller’s balance sheet is increased from the sale. If the buyer de...

What would have happened if Greece defaulted?

Greece leaves the euro and adopts its former currency. If the ECB decides to cut off lending and the country runs out of money, Greece would likely be for...

What does stg mean on a ring?

Yes, STG is the abbreviation of STERLING and indeed could be made in Australia, New Zealand or South African. Sterling is a grade of silver; minimum 925/1...

Which hallmark of gold is best?

916 gold is good for making intricate jewellery as pure gold is too soft. Delicate craftsmanship is not possible in 100% pure gold. As such, you should lo...