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Garner Strategy Institute (GS) presents executive-level training seminars nationally Eastern University (EU) has approached GSI to present 40 one- week seminars during 2019. This activity level represents the maximum number of seminars that GSl is capable of presenting annually GSI staff would present the week-long seminars in various cities throughout the United States and Canada. Terry Garner, GS's president, is evaluating three financial options for the revenues from Eastern: accept a flat fee for each seminar, receive a percentage of Eastern's profit before tax from the seminars, and form a joi venture to share costs and profits Estimated costs for the 2019 seminar schedule follow Garner Strategy Eastern InstituteUniversity Fixed costs for the yean: Salaries and benefits Facilities Travel and hotel Other $200,000 48,000 N/A $210,000 $210,000 N/A* 7%, 00e $ 318,000 N/A* Total fixed costs Variable cost pen participant: Supplies and matenials Marketing Other site costs $ 47 18 35