Based on the provided information, the technique that Nordstrom managers were using is Delphi technique.
<h3>What is a Delphi technique ?</h3>
Delphi technique can be regarded as the structured communication technique which is been developed to serve as interactive forecasting method that is based on a panel of experts.
Therefore, Nordstrom managers as using Delphi technique.
Learn more about Delphi technique at;
brainly.com/question/24506250
The accounting method that correctly reflects financial statement results is <u>Accrual accounting.</u>
<h3>What is accrual accounting?</h3><h3 />
This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.
This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.
Find out more on accrual-based accounting at brainly.com/question/25817056.
#SPJ12
Answer:
Revaluation of assets and liabilities
Explanation:
The main adjustments required at the time of a partner from a partnership firm: Change in the profit sharing ratio. Accounting treatment of goodwill.
Answer: $400
Explanation:
A bad debt expense will be recognized by a company when the company cannot collect its receivable due to the fact that a customer cannot pay back their debt and fulfill their obligation.
Therefore, the estimated bad debts will be computed below:
= ($25,000 × 2% - $100)
= $500 - $100
= $400
Then, the journal entry to record the estimated bad debt expense will be:
Debit: Bad debt expense A/c $400
Credit: Allowance for doubtful debts $400
