By virtue of the existence of a partnership, each partner has the authority to enter into biding contracts on behalf of the partnership.

Smith Electronics reported the following figures in its 2017 and 2016 financial statements

2017 2016 Cash $ 38,500 $ 25,000 Cash Equivalents 3,000 2,000 Total Current Liabilities 33,200 30,000 Compute the cash ratio for 2017 and 2016. What does the cash ratio measure? Use this information to discuss the business performance of Smith Electronics. What will be an ideal response

To be enforceable, all real estate sales contracts

a. may be oral or written. b. must be in writing. c. must comply with the equal equities rule. d. must be completed within 90 days of origination.