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pychu [463]
4 years ago
14

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?
Business
1 answer:
V125BC [204]4 years ago
4 0

Answer:

Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries

Explanation:

Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).

Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.

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In making project trade-offs, a criterion that is allowed not to meet the original target, for example, allowing the schedule to
enot [183]

When a criterion is not allowed to meet the original target when making trade-offs, this is an Accepted criterion.

<h3>What is an accepted criterion?</h3>

This is a criterion that the company considers when deciding which parts of a project to keep and which to go along with.

Of those that are kept, they are not allowed to meet the original target because the resources available would be too limited to do so which was the reason for the trade-offs in the first place.

Find out more on trade-offs at brainly.com/question/13760478

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5 0
2 years ago
Investors using a passive bond investment strategy will need to I. buy or sell in anticipation of expected changes in interest r
Rudik [331]

Answer:

II. Replace bonds as they mature.

and

III. Replace bonds as they are called.

and

IV. Replace bonds when major changes in risk ratings occur.

5 0
4 years ago
Each of the following statements is justified by a fundamental quality or an enhancing of quality accounting. Match the letter n
PilotLPTM [1.2K]

Answer:

Explanation:

1. A company uses the same accounting principles from year to year.(CONSISTENCY)

2. Information that is free from error.(VERIFIABLE)

3. Information presented in a clear and concise fashion.(UNDERSTANDABILITY)

4. Information that makes a difference in a decision.(RELEVANCE)

5. Information accurately depicts what really happened.(FAITHFUL REPRESENTATION)

To have a standard financial statement in accounting , there's are some qualities that are needed to put into consideration such as fundamental qualities as well as Enhancing quality of accounting. fundamental qualities are needed to obtain relevancy and reliability in preparing accounting statement.Enhancing quality of accounting are also to have

Comparability,Consistency, Understandability, Relevance, Verifiable

as well as Faithful representation

3 0
3 years ago
Treasury stock is A. stock purchased by a corporation and held as an investment in its treasury. B. stock issued by the U.S. Tre
ioda

Answer:

The correct answer to the following question is option D) a corporations own stock which has been reacquired from stockholders and are not yet retired.

Explanation:

Treasury stocks can be defined as those outstanding stocks which a issuing company has reacquired or repurchased from the stockholders and now company has kept these stocks in their treasury. These repurchased stocks are now no more outstanding shares but they are also not retired because they are held by company in their treasury. While calculating the EPS ( which is earning per share ) , these stocks would not be included, and the effect of the repurchasing of repurchasing on balance sheet would be that the shareholders equity would be reduced ( amount would be equal to the money paid to repurchase the stock ) .

6 0
4 years ago
Consider the CAPM. The risk-free rate is 5%, and the expected return on the market is 15%. What is the beta on a stock with an e
Maslowich

Answer:

im sorry

Explanation:

4 0
3 years ago
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