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What is a good CCAT score?

The CCAT passing score depends on the position to which you apply. The CCAT average score is 24 correct questions out of 50, and less than 10% of people a...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Does consolidating student loans help credit?

First things first. Because of the way your credit score is determined, there’s a chance debt consolidation could actually improve your credit score. Not ...

Is net working capital current assets current liabilities?

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (custome...

What do you call old people in a nursing home?

Resident Resident: A person who lives in a residential long-term care setting, such as a nursing home or assisted living community. How do the elderly fee...

How is BV of equity calculated?

Book value per share is a way to measure the net asset value that investors get when they buy a share of stock. Investors can calculate book value per sha...

Are dividends in arrears considered liabilities?

What are Dividends in Arrears? A dividend in arrears is a dividend payment associated with cumulative preferred stock that has not been paid by the expect...

Is goodwill consolidated?

Goodwill is treated as an intangible asset in the consolidated statement of financial position. It arises in cases, where the cost of purchase of shares i...

What type of expense is rates and taxes?

direct expenses Rent, rates and taxes is an example of direct expenses. What is rates and taxes in accounting? Rates and Taxes are the charges or fees whi...

What do you need to know about private banking?

Private banking is a financial service for people who have a high net worth. You have to keep a minimum balance in your accounts to qualify for private ba...

How do you calculate ordinary annuity?

Ordinary Annuity Formula refers to the formula that is used in order to calculate present value of the series of equal amount of payments that are made ei...