Garner Strategy Institute $($GSI$)$ presents executive$-$level training seminars nationally. Eastern University $($EU$)$ has approached GSI to Complete this question by entering your answers in the tabs below.

Req $1A$

Req $1$B

Req $2$

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 $$32,466?$

Note: Round your answer up to the nearest whole number. Complete this question by entering your answers in the tabs below.

Req $1A$

Req $1$B

Req $2$

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.

Note: Round your answer up to the nearest whole number.

Minimum number of seminar participants

present $40$ one$-$week seminars during $20$X$1.$ This activity level represents the maximum number of seminars that GSI is capable of

presenting annually. GSI staff would present the week$-$long seminars in various cities throughout the United States and Canada.

Terry Garner, GSI'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 joint venture to share costs and profits.

Estimated costs for the $201$ seminar schedule follow:

$*$Eastern$\text{'}$s fixed costs are excluded because the amounts are not considered relevant for this decision $($i$.$e$.,$ they will be incurred

whether or not the seminars are presented$).$ Eastern does not include these costs when calculating the profit before tax for the

seminars.

EU plans to charge $$1,200$ per participant for each one$-$week seminar. It will pay all variable marketing, site costs, and materials costs.

Complete this question by entering your answers in the tabs below.

Rea $1A$

Rea $1$B

Rea $2$