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What is true about notes receivable?

The notes receivable is an account on the balance sheet usually under the current assets section if its life is less than a year. Specifically, a note rec...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Why can I not get a credit card with good credit?

If you don’t have a substantial source of income — or none at all — you may struggle to be approved for a credit card. Having poor payment history is an i...

Is credit card due date end of day?

While your credit card statement closing date is simply the end of the billing cycle and the beginning of the minimum 21-day grace period, the payment due...

What assets do mortgage lenders look at?

While not as critical as your credit or income, lenders will usually want to see your bank statements. On your application, you can also list assets such ...

What is the acceptable method to calculate depreciation?

There are four methods for depreciation allowable under GAAP, including straight line, declining balance, sum-of-the-years’ digits, and units of productio...

What happens if policy holder and nominee dies in insurance?

If the nominees die before the policy matures or the insured person expires, then the amount secured by the policy shall be payable to the policyholder hi...

Where is the best place to invest my money?

High-yield savings accounts. Online savings accounts and cash management accounts provide higher rates of return than you’ll get in a traditional bank sav...

Can there be founder and co-founder at the same time?

If a founder sets up a company with other people, they are both a founder and a co-founder. So Larry Page is not only Google’s founder, but also a co-foun...

Why did my credit card company send me a convenience check?

A convenience check is a check issued by a credit card company that you can use to pay balances on other cards or make purchases. Often a credit card issu...

Can I ask my employer to withhold more taxes?

Simply add an additional amount on Line 4(c) for “extra withholding.” That will increase your income tax withholding, reduce the amount of your paycheck a...