Applying the direct write-off method to account for uncollectibles shawna valley is an attorney in los angeles. valley uses the direct write-off method to account for uncollectible receivables. at april 30, 2018, valley’s accounts receivable totaled $19,000. during may, she earned revenue of $22,000 on account and collected $15,000 on account. she also wrote off uncollectible receivables of $1,100 on may 31, 2018.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year