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What does it mean to reduce a balance sheet?

Many companies are these days talking about reducing the balance sheet. In the simplest terms, this just means that a company is reducing the number of lo...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can a person be the executor of a deceased estate?

More often than not, a person is called upon to act as an executor once in their lifetime. It is a role with a high degree of responsibility attached to i...

How do I find out who owns a LLC in Nevada?

You can find information on any corporation or business entity in Nevada or another state by performing a search on the Secretary of State website of the ...

What are the three general methods for determining transfer prices?

There are three traditional transaction methods: Comparable Uncontrolled Price Method. The Resale Price Method. The Cost Plus Method. The Comparable Profi...

How did Prince Mircea of Romania die?

Typhoid fever Prince Mircea of Romania/Cause of death What happened to Queen Marie of Romania? Marie died on 18 July 1938, at 5:38 p.m., eight minutes aft...

What is the deadline to contribute to a SIMPLE IRA for 2019?

April 15 Under IRS rules, the last day you can contribute funds to your SIMPLE IRA as an employee is April 15, unless that date falls on a Saturday or Sun...

What is an outsourcing strategy?

The term “outsourcing” refers to a strategy whereby corporate tasks and structures are given to an external contractor. These can be individual tasks, spe...

What is inventory opening balance?

Opening Day Balance Sheet – Inventory The inventory opening balance is recorded in the balance sheet of the business at cost or net realizable value if lo...

Who is the Deputy Commissioner of Social Security?

David Black Sworn in as Deputy Commissioner of Social Security Administration. David Black was sworn in today as Deputy Commissioner of Social Security to...

What is the open economy macroeconomic model?

An open economy is one that interacts freely with other economies around the world. It buys and sells capital assets in world financial markets. THE INTER...