The Daily Horizon

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How many stock orders can I make in a day?

Retail investors cannot buy and sell a stock on the same day any more than four times in a five business day period. This is known as the pattern day trad...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can my husband freeze your joint bank account?

The rules for freezing or placing a hold on a joint account, so that no debits can be made, vary by bank. But generally, freezing a joint account can be d...

Can I have two 401k if I have two jobs?

There are no rules or laws preventing you from having two or more 401(k) plans at the same time, but enrollment in multiple plans can affect your tax dedu...

How long can a debt collector legally pursue old debt in Ohio?

six years The statute of limitations for collecting a debt in Ohio is six years, for most financial obligations, so waiting it out and hoping for the best...

How much are Medicare premiums for 2021?

In 2021, the standard monthly premium will be $148.50, up from $144.60 in 2020. But if you’re a high earner, you’ll pay more. Surcharges for high earners ...

What is a benefit waiting period?

What Is a Waiting Period? A waiting period is the amount of time an insured must wait before some or all of their coverage comes into effect. The insured ...

What is aging of accounts receivable method?

Accounts receivable aging is the process of distinguishing open accounts receivables based on the length of time an invoice has been outstanding. Accounts...

What two accounts are affected by a transaction?

Accounts Receivable and Sales are affected. What two accounts are affected when a business pays cash to the owner for personal use? Drawing and Cash are a...

Can you get Social Security disability at age 72?

The SSA does not set an age limit for applying for disability. But, you must know that there are a few specific rules for applicants over 65 years old. If...

What is the journal entry for preferred stock?

Stock issuances Debit Cash or other item received (shares issued x price paid per share) or market value of item received Credit Common (or Preferred) Sto...