On may 1, foxtrot co. agreed to sell the assets of its footwear division to albanese inc. for $80 million. the sale was completed on december 31, 2016. the following additional facts pertain to the transaction: • the footwear division qualifies as a component of the entity according to gaap regarding discontinued operations. • the book value of footwear's assets totaled $48 million on the date of the sale. • footwear's operating income was a pre-tax loss of $10 million in 2016. • foxtrot's income tax rate is 40%. in the 2016 income statement for foxtrot co., it would report: income (loss) on its continuing operation only. income and gains separately from losses. income (loss) from its continuing and discontinued operations separately. income (loss) on its total operations for the year without separation. 1 points save answer

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)