Marvin company is a subsidiary of hughes corp. the controller believes that the yearly allowance for doubtful accounts for marvin should be 8% of gross accounts receivable. given the recession and the high interest rate environment, the president, nervous that the parent company might expect the subsidiary to sustain its 10% growth rate, suggests that the controller increase the allowance for doubtful accounts to 9%. the president thinks that the lower net income, which reflects a 6% growth rate, will be a more sustainable rate for marvin company. instructions