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What are the objectives of AIS?

The purpose of an accounting information system (AIS) is to collect, store, and process financial and accounting data and produce informational reports th...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is a segment margin?

Segment margin is the amount of profit or loss produced by one component of a business. Segment margin can also be used for understanding a company’s prof...

Is clerical salaries fixed or variable cost?

Any employees who work on salary count as a fixed cost. They earn the same amount regardless of how your business is doing. Employees who work per hour, a...

What are product warranties?

Product warranty is the guarantee a manufacturer of a product gives to the customer regarding the quality of their product and what compensation will be g...

What can you contribute or offer to this company?

The best way to answer questions about your contributions to the company is to give examples of what you have accomplished in the past, and to relate them...

Who are the members of the business planning team?

Not having a complete team at the time you develop your business plan….Management Team Gaps Founder, CEO and/or President. Chief Operating Officer. VP of ...

What are some rules of conduct to follow during the interview?

To help with the interview process, keep the following ten rules in mind: Keep your answers brief and concise. Include concrete, quantifiable data. Repeat...

What is a good average inventory days?

A good inventory turnover ratio is between 5 and 10 for most industries, which indicates that you sell and restock your inventory every 1-2 months. This r...

What sports franchise is worth the most money?

According to “Forbes'” latest list of the most valuable sports franchises in the world, the top dog is still Jerry Jones’ prized possession, the Dall...

What is the meaning physical inventory?

: an actual count of all stock or equipment or both of a manufacturing or mercantile concern —distinguished from book inventory. What is the purpose of a ...