Improved Technologies Has Estimated Bad Debts Using the Percentage-Of-Sales Method

question 66

Essay

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.

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Definitions:

Polytypic

Describing the expression of genetic variants in different frequencies in different populations of a species.

Gene Flow

The transfer of genetic variation from one population to another, which can alter the composition of the gene pool.

Inbred

Resulting from breeding among close relatives, often leading to a higher chance of heritable genetic disorders.

Epicanthic Eye Fold

A skin fold of the upper eyelid that covers the inner corner of the eye, common among East and Southeast Asian populations and some other ethnic groups.