What is in a statement of owners equity – capital beginning of month, plus investments, net income, less withdrawals ,capital at end of month

Sale on account – a sale for which cash will be received at a later date

Current Liabilities – Liabilities due within a short time, usually within a year

Allowance Method – Bases bad debt expenses on an estimate of uncollectible accounts.

accounting equation – Assets = Liabilities + Equity

Liquidity – Working capital is a measure of

consistency – A concept that relates performance assessments over time.

The heights (in centimeters) and arm spans spans (in centimeters) of 31 students were measured. The association between x (height) and y (arm span) is shown in the scatterplot below. The equation of the least-squares regression line for this association is also given. estimated armspan = 4.5 + 0.977(height) a. Jane is 160 cm tall. Use the given line of best fit to predict her arm span. b. Doug is 205 cm tall. Would you use this least-squares regression line to predict his arm span? Explain.

Negotiable – A financial instrument whose ownership can be transferred to another person or business.

Perpetual inventory – A merchandise inventory determined by keeping a continuous record of increases, decreases, and balance on hand

Source Documents – information about business transactions is obtained from original business papers

receipt – A business form giving written acknowledgement for cash received

The heights (in centimeters) аnd аrm spаns spans (in centimeters) оf 31 students were measured. The assоciatiоn between x (height) and y (arm span) is shown in the scatterplot below. The equation of the least-squares regression line for this association is also given. estimated armspan = 4.5 + 0.977(height) a. Jane is 160 cm tall. Use the given line of best fit to predict her arm span. b. Doug is 205 cm tall. Would you use this least-squares regression line to predict his arm span? Explain.

accounting information system – the system of collecting and processing transaction data and communicating financial information to decision-makers