Canadian Accounting classifies accounts receivable as "current", "late", and "not collectible". Industry figures show that 60% of A/R are current, 30% are late, and 10% are uncollectible. A law firm in Markham Ontario has 500 accounts receivable: 320 are current, 100 are late and 80 are not collectible. Are these numbers in agreement with the industry distribution? 
Using the data from this Mega stat printout, you determine:
Definitions:
Delegation
The process of assigning responsibility and authority to someone to carry out specific activities, while the person delegating retains ultimate responsibility for its success.
Lawsuit
A legal action taken by one party against another in a court of law, usually seeking compensation for damages or enforcement of a right.
Duty
A moral or legal obligation; a responsibility.
Statute Of Frauds
A legal principle that requires certain types of contracts to be in writing to be legally enforceable.
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