How important do you think it will be to this vendor

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Question 1 - Dave is talking to the food distributor because he wants to establish a delivery line of credit. Doing so would allow Dave to avoid "Cash On Delivery" (COD) requirements the vendor imposes on poor credit risks. How important do you think it will be to this vendor that Dave has a thorough understanding of managerial accounting? Why?

Question 2 - Regardless of the business entity Dave selects to operate his business, he will need to file taxes. How do you think his knowledge and proper use of manual, or automated, accounting systems that utilize GAAP will affect the price his accountant will charge to complete his tax filings?

Reference no: EM133109606

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