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Improved Technologies has estimated bad debts using the percentage-of-sales method since their business began operations in 2011.Information relating to bad debts and sales is as follows:
At the beginning of 2014,Improved proposes changing their estimation of bad debt expense from 3 percent of sales to 2.5 percent.Sales for the year totaled $186,000 and actual bad debts amounted to $3,910.
Cloning
The process of creating an identical copy of an organism or cell, either naturally or artificially.
Resurrecting
The act of bringing back to life or consciousness; in a broader sense, restoring the use, practice, or memory of something that had been forgotten or disregarded.
Mammoth
An extinct species of large, prehistoric elephants known for their massive size and long tusks, or used to describe something enormous.
Air Currents
Movements of air resulting from atmospheric pressure differences, leading to phenomena like wind.
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