The Apple and US Government complaint (update)

The BBC have responded to this complaint: I will respond soon!

On 2 August 2011 18:11, NewsOnline Complaints wrote:

Dear Sir,

Cash is shorthand for cash and/or easily liqidable assets - pretty common business parlance.

"With more than $75bn either sitting in the bank or in easily accessible assets, there has been enormous speculation about what the company will do with the money."

___________________

Iain Mackenzie
Technology Reporter
BBC News

-----Original Message-----
From: notasheepmaybeagoat@gmail.com [mailto:notasheepmaybeagoat@gmail.com]
Sent: 01 August 2011 23:55
To: NewsOnline Complaints
Subject: Complaint Reply Required






{Title:} Mr

{First Name:} NotaSheep

{Last Name:} MaybeaGoat

{Under 13:} No

{Email:} notasheepmaybeagoat@gmail.com

{Postcode:}

{Location:} England

{Phone:}


{Feedback Type:} I would like to... Make a complaint

{Summary:} Incompetent reporting

{URL:} http://www.bbc.co.uk/news/technology-14340470

{Complaint:} Your article says: 'Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple's most recent financial results put its reserves at $76.4bn.'

However 'cash' and 'reserves' are two very different things. Cash is the liquid assets you hold whereas reserves is the accounting estimate of what would be left to shareholders if a company is wound up.

The US government has about 6 times as much 'cash' as Apple.


Do the BBC not have economics experts who understand such concepts or does the BBC not care about facts?

{Reply:} Yes


{Previous Contact:} Yes

{Related To Previous Contact:} No

{Reason For Return Contact:}


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