On december 31, 2013, main inc. borrowed $5,040,000 at 13% payable annually to finance the construction of a new building. in 2014, the company made the following expenditures related to this building: march 1, $604,800; june 1, $1,008,000; july 1, $2,520,000; december 1, $2,520,000. the building was completed in february 2015. additional information is provided as follows.
1. other debt outstanding
10-year, 12% bond, december 31, 2007, interest payable annually $6,720,000
6-year, 11% note, dated december 31, 2011, interest payable annually $2,688,000
2. march 1, 2014, expenditure included land costs of $252,000
3. interest revenue earned in 2014 $82,320

What is "staffing level"? a) the practice of assigning the same number of workers to each department b) the average educational level attained by employees of a business c) the rank above cashier d) the number of workers assigned to jobs at a particular time

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?