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BUDGETS AND RECORDS PFM CH 4

Teacher: Julie Nordin - Business Education
Horizontales
Refers to the competence to enter into a contract.
A legally enforceable agreement between two or more people .
This word means legally collectible.
A spending and saving plan based on your expected income and expense.
Assets minus liabilities. (two words)
Something of value exchanged for something else.
Costs that vary in amount and type, depending on the choices you make.
A computer program that organizes data in columns and rows and can perform calculations using the data is called-_________.
Money or debts you owe to others.
Means legally collectible.
The person who creates and signs the promissory note and agrees to pay it on a certain date.
An express and implied contract can be this if all four elements are present.
Verticales
Costs that do not change from month to month.
When one person makes an offer and another person changes it, the second person is making a ___________.
Occurs when a person accepts the terms of an offer.
A spending and saving plan based on expected income and expense.
This is the money you have left to spend or save after taxes and other required deductions are taken.
Is a statement assuring quality and performance of a product or service.
When assets are greater than liabilities, you are said to be ________.
A contract cannot be enforced if it is something of this state.