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Contact [7]
2 years ago
9

Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated

the future demand for lawyers. This forecasted demand corresponded with salaries that many admits were unwilling to accept, and fewer students than usual ended up attending law school. Now that these students have completed law school, the small graduating classes have led to a more limited supply of lawyers than is generally available. What will be the result of this mismatch?
1)The lower supply of lawyers will lead to high salaries, and current law school admits will be more likely to decide to attend
2)The lower supply of lawyers will lead to high salaries, and current law school admits will be less likely to decide to attend
3)The lower supply of lawyers will lead to low salaries, and current law school admits will be more likely to decide to attend
4)The lower supply of lawyers will lead to low salaries, and current law school admits will be less likely to decide to attend
Business
1 answer:
____ [38]2 years ago
3 0

Answer:

Answer) 1)The lower supply of lawyers will lead to high salaries, and current law school admits will be more likely to decide to attend

Explanation:

Simple demand and supply logic can be used to reflect that as the supply of lawyers is lower, price (salaries of lawyers) will be higher and it will force the students to join law classes for higher salaries after completion of the programme.

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When a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price, the t
Alexus [3.1K]

Answer:

financing transaction.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, investing and financing activities.

A transaction can be defined as a business process which typically involves the interchange of goods, financial assets, services and money between a seller and a buyer.

Financing transaction can be defined as an obligation or right of an organization (business firm) to repurchase an asset for an amount greater than or equal to the selling price of the asset.

7 0
2 years ago
Shelby is considering whether to drop a product line from her business. Some administrative costs are being allocated to the pro
schepotkina [342]

Answer:

D. Administrative costs are always relevant.

Explanation:

As Shelby is considering whether to drop a product line from her business. Some administrative costs are always being allocated to the product line but will not change in total if Shelby decides to drop the product line. Administrative costs are always relevant.  Administrative costs can be defined as the costs and expenses which are not directly related to any specific department like sales, manufacturing or marketing etc. These are the costs which are related to the company as a whole like, salaries of employees, expenses linked withe the general services like IT and accounting etc. These costs have no linkage with the gross margin. On the other hand, we can define a relevant cost that gives us a differences between two options and alternatives and it can be avoided by choosing one option over another. Therefore, Shelly should take this fact into account because administrative costs are very much relevant and important as well in order to make this particular decision about the product line.

3 0
1 year ago
Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu
jek_recluse [69]

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

3 0
1 year ago
During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disp
Paraphin [41]

Answer:

See attached picture for detailed answer.

Explanation:

See attached picture.

5 0
2 years ago
Read 2 more answers
When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
just olya [345]

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

8 0
2 years ago
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