On july 1, year 1, kay corp. sold equipment to mando co. for $100,000. kay accepted a 10% note receivable for the entire sales price. this note is payable in two equal installments of $50,000 plus accrued interest on december 31, year 1 and year 2. on july 1, year 2, kay discounted the note at a bank at an interest rate of 12%. kay's proceeds from the discounted note were: a. $48,400.b. $49,350.c. $50,350.d. $51,700.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)