Hdu Flashcards
1
Q
Liquidity
A
a)Liquidity or net cash income can change as new livestock/product is brought and sold with the net cash depending on the profit minus the costs
2
Q
Profitability
A
b)Profit or gross farm income mostly depends on how many and for what price livestok/product is sold for.
3
Q
Wealth
A
c)Wealth or asset value changes as livestock get older, changing into different age groups which have different values. The sum of all these changes negative and positive at the end of the year is the wealth