Here's why:
* It connects two clauses: "You were late" and "you received a tardy slip".
* It shows a cause-and-effect relationship: The second clause (receiving a tardy slip) is the reason for the first clause (being late).
* It makes the second clause dependent on the first: The second clause can't stand alone as a complete sentence.
Therefore, "because" acts as a bridge between the two clauses, indicating the reason for the situation.