Gamer Streamer Inc. (GS) is an organization that coordinates seminars to help new streamers launch their platform, giving tips and tricks to help them kick-start their streaming careers. The seminars are usually a week long, in various cities throughout Canada. The maximum amount of seminars that can happen per year is 40 seminars. Recently, a new streaming platform has launched to compete with the mainline platforms called Eden Union (EU). Eden Union approached Gamer Streamer Inc to host 40 week-long seminars in 2022, which they will sell to their streamers to increase the quality of content on the platform. You are an employee of Gamer Streamer Inc. and you are evaluating three options with regards on how to structure revenues from Eden Union accept a flat fee for each seminar held receive a percentage of Eden Union's profit before tax for each of the seminars form a joint venture with Eden Union to share costs and profits Estimated costs for the 2022 seminar schedule follow, Streer Inc Eden Union $ 194,000 54,000 N/A N/A $ 210,000 Fixed costs for the years Salaries and benefits Facilities Travel and hotel Other Total fixed costs Variable cost per participant Supplies and materials Marketing Other site costs con fin N/A 70.000 $ 310,000 $ 210,000 $ 47 18 32 Gamer Streamer Inc Eden Union Fixed costs for the years Salaries and benefits $ 194,000 N/A Facilities 54,000 N/A Travel and hotel $ 210,000 Other 70,000 N/A Total fixed costs $. 318,000 $ 210,000 Variable cost per participant: Supplies and materials $ 47 Marketing 18 Other site costs 32 "Eden's fixed costs will be incurred whether or not the seminars are presented so they are excluded because those amounts are not considered relevant then for this decision. Note that Eden Union does not include these costs when calculating the profit before tax for the seminars For each one-week seminar, Eden Union will pay all variable marketing, site costs, and materials costs and it plans to charge $1,200 per participant 0 Required 1. Assuming that the seminars are handled as a joint venture by GSI and EU to pool costs and revenues, a. Determine the total number of seminar participants needed to break even on the total costs for this joint venture. b. Assume an effective income tax rate of 30% for the joint venture. To earn an after tax income of $275.275, how many seminar participants must the joint venture enroll? 2. Assume that GSI is an independent contractor for EU, so GSI and EU do not form a joint venture, EU offers two payment options to GSt: 1) a flat fee of $9,500 for each seminar or 2) a fee of 40% of EU's profit before taxes from the seminars Calculate the minimum number of participants needed for GSI to prefer the 40% fee option over the flat fee. alube Maps G News ..SA25213252Fnewconnect.meducation.com/252F#/activity/ Translate Question 1 (Available 10:00AM-10:53AM) 45 Mi... 6 per participant Saved Required 1. Assuming that the seminars are handled as a joint venture by GSI and EU to pool costs and revenues a. Determine the total number of seminar participants needed to break even on the total costs for this joint venture. b. Assume an effective income tax rate of 30% for the joint venture. To earn an after-tax income of $275,275, how many seminar participants must the joint venture enroll? 2. Assume that GSI is an independent contractor for EU, so GSI and EU do not form a joint venture. EU offers two payment options to GSI: 1) a flat fee of $9,500 for each seminar of 2) a fee of 40% of EU's profit before taxes trom the Calculate the minimum number of participants needed for GSi to prefer the 40% fee option over the flat fee. seminars Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Determine the total number of seminar participants needed to break even on the total costs for this joint venture. (Round your answer up to the nearest whole number.) Total number of seminar participants needed to break uvon per your Ron Reg 1B > Reg 1A Reg 1B Reg 2 Assume that the joint venture has an effective income tax rate of 30%. How many seminar participants must the joint venture enroll to earn an after-tax income of $275,2752 (Round your answer up to the nearest whole number) Required number of participants per year Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Assume that GSI and EU do not form a joint venture, but that GSI is an independent contractor for EU. EU offers two payment options to GSI: a flat fee of $9,500 for each seminar or a fee of 40% of EU's profit before taxes from the seminars, Compute the minimum number of participants needed for GSI to prefer the 40% fee option over the flat fee. (Round your answer up to the nearest whole number.) Show less Minimum number of seminar participants Reg 1A Reg 1B Reg 2 Assume that the joint venture has an effective income tax rate of 30%. How many seminar participants must the joint venture enroll to earn an after-tax income of $275,2752 (Round your answer up to the nearest whole number) Required number of participants per year Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Assume that GSI and EU do not form a joint venture, but that GSI is an independent contractor for EU. EU offers two payment options to GSI: a flat fee of $9,500 for each seminar or a fee of 40% of EU's profit before taxes from the seminars, Compute the minimum number of participants needed for GSI to prefer the 40% fee option over the flat fee. (Round your answer up to the nearest whole number.) Show less Minimum number of seminar participants