The WWW company is dedicated to the sale of telecommunications products. Mr. Gomez is in charge of accounting and is in the process of making year-end adjustments for uncollected accounts that he considers In recent years, the company has experienced an increase in accounts that have become uncollectible. As a result, Gmez understands that the company must increase the percentage used to estimate bad debts from 2% to 4% of credit sales. This change significantly increases the baddebt expense, which results in a decrease in revenue for the first time in the company's history. The company's president, Mr. Ramrez, is under considerable pressure to achieve the company's revenue goals. He suggests that "this is not the best time" to change the estimate and tells Gmez to keep the estimate at 2%. Gmez is sure that 2% is too low, but he follows Ramrez's instructions. Evaluate the decision to use the lower percentage to improve profits. Are Gomez and Ramirez acting ethically? Why? Explain the characteristics of an ethical act. What would you do differently? How would you make sure that acts like this can be identified? What internal control would you establish so as not to have a high percentage of uncollectibleaccounts?