Two students agree to start a business on the Internet and agree to share their profits. They do not have any sort of business relationship documented in writing. Therefore, Group of answer choices they are treated as limited partners. they are treated as shareholders in a corporation they are treated as sole proprietors. they are treated as general partners.

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be: