On September 1,Isabel Contracts with Ned to Sing at Ned's

question 30

Essay

On September 1,Isabel contracts with Ned to sing at Ned's restaurant starting on October 1 and ending on October 15 of the following year.Discuss if this contract must be written and signed to be legally enforceable.

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Definitions:

After-Tax Net Income

The amount of profit a company remains with after all tax expenses have been deducted from its total income.

Accounting Rate of Return

A financial metric used to assess the profitability of an investment, calculated as the average annual return over the investment's life divided by the initial investment cost.

Straight-Line Depreciation

An arrangement for apportioning the financial burden of a physical investment throughout its active life in equal yearly disbursements.

Accounting Rate of Return

A financial ratio used to measure the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.