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Assume that we have found a regression equation of = 3.6 - 2.4x, and that the coefficient of determination is 0.72, then the correlation of x and y must be about 0.849.
Uncollectible Receivables
Amounts owed to a company from customers that are considered unlikely to be collected.
Credit Balance
The amount appearing on the credit side of an account, indicating the total credits exceed the total debits.
Formal Written Instrument
A legally binding document or contract clearly outlining the terms and conditions agreed upon by the parties involved.
Credit
The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources (or other materials of equal value) at a later date.
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