Is it illegal to lay someone off and hire someone else?
Key takeaway: Employers can lay off employees and hire new employees simultaneously, as long as they do not use the guise of “layoffs” to terminate poor e...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
When did PepsiCo buy Frito-Lay?
PepsiCo began making strategic acquisitions beyond the beverage market in 1965 when it purchased Frito-Lay. In 2001, Pepsi acquired Quaker Oats for $13.8 ...
Read More →What effect does an increase in volume have on unit fixed cost?
Therefore an increase in sales volume will affect the above metrics as follows: The total fixed cost will remain the same despite the increase in sales. U...
Read More →What are the basics of valuation?
Two approaches are the foundation of valuation, discounted cash flow valuation and relative valuation. The first one is a bottom-up approach where the pre...
Read More →What is temporary capital account?
A temporary account is a general ledger account that begins each accounting year with a zero balance. Then at the end of the year its account balance is r...
Read More →Can you be both hourly and salary?
Making an hourly employee salaried You can convert an hourly employee to a salaried position as long as the worker meets FLSA and state laws that qualify ...
Read More →Where do accounts receivable go in the income statement?
This amount appears in the top line of the income statement. The balance in the accounts receivable account is comprised of all unpaid receivables. This t...
Read More →What is the purpose of a revenue account?
Record incoming money from main business operations in your Revenues/Sales account. This is an account that lists your operating revenue. Some businesses ...
Read More →How much would I have to put down on a credit score of 600?
Mortgage loans that allow a 600 credit score If your score is below 580, you’ll need a 10% down payment. If it’s above 580, you only need to put 3.5% down...
Read More →What should a financial projection include?
Financial projections should include a forecasting of the income statement, the balance sheet, and the cash flow statement. Projections are made by the mo...
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