The silver oxide cell is really the ideal successor to mercury batteries, and is superior in a number of ways. It has a higher capacity than mercury cells for a given size. These cells are rated at 1.55 volts. Their construction is very similar to mercury cells, the cathode material being the main difference. Advantages Constant voltage over its useful life. Contains no chemicals harmful to the environment. Basically superior in all ways over mercury cells.
Materiality is a key concept in accounting because it helps accountants and auditors in deciding which figures need separate reporting and what is the maximum amount above which errors or omissions should be avoided at all costs. Deciding whether a piece of information is material or not requires considerable judgment.
Liquidity is the ability of a business to meet its short-term financial obligations. Several common liquidity ratios are used to measure a business's overall financial picture. By measuring liquidity, you can potentially take proactive actions to avoid getting overwhelmed with debt and expenses. Importance of Liquidity. To generate profit, a business must bring in more than enough revenue to cover its fixed and variable costs. High liquidity means that you have a relatively strong cash and current accounts position, which means that you can easily cover short-term debt obligations. Low liquidity means you have limited capacity to cover your short-term debts with existing cash and current assets.