Bill – Page 4 – itho's internet resources

Backflush Costing: Definition and How System Works for Inventory

By Itho November 16, 2010

[ad_1] What Is Backflush Costing? Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory system. In short, it is an accounting method that records the…

Electronic Fund Transfer Act (EFTA): Definition and Requirements

By Itho November 15, 2010

[ad_1] What Is the Electronic Fund Transfer Act (EFTA)? The Electronic Fund Transfer Act (EFTA) is a federal law that protects consumers when they transfer funds electronically, including through the…

Express Warranty: Meaning, Overview and Examples

By Itho November 14, 2010

[ad_1] What Is an Express Warranty? An express warranty is an agreement by a seller to provide repairs or a replacement for a faulty product, component, or service within a…

Cost-Plus Contract: Definition, Types, and Example

By Itho November 12, 2010

[ad_1] What Is a Cost-Plus Contract? A cost-plus contract is an agreement made between a project owner and a contractor to reimburse the contractor for expenses incurred and to add…

What Is a Budget Surplus? Impact and Pros & Cons

By Itho November 9, 2010

[ad_1] What Is a Budget Surplus? A budget surplus occurs when a business or government's revenue exceeds its expenses during its fiscal year. Strong growth, high tax or sales revenue,…

Domestic Corporation: Definition, vs. Foreign Corporation

By Itho October 28, 2010

[ad_1] What Is a Domestic Corporation? A domestic corporation is a company that conducts its affairs in its home country. A domestic business is often taxed differently than a non-domestic…