The Parent Teacher Association (PTA) of Meadow High School is planning a fund-raising campaign. The PTA is considering the possibility of hiring Eric Logan, a world-renowned investment counselor, to address the public. Tickets would sell for $20 each. The school has agreed to let the PTA use Harville Auditorium at no cost. Mr. Logan is willing to accept one of two compensation arrangements. He will sign an agreement to receive a fixed fee of $6,500 regardless of the number of tickets sold. Alternatively, he will accept payment of $13 per ticket sold. In communities similar to that in which Meadow is located, Mr. Logan has drawn an audience of approximately 500 people. Required a. Present a statement showing the expected net income assuming 500 people buy tickets. b-1. Assume the PTA pays Mr. Logan a fixed fee of $6,500. Determine the amount of net income that the PTA will earn if ticket sales are 14 percent higher than expected. Calculate the percentage change in net income. b-2. Assume the PTA pays Mr. Logan a fixed fee of $6,500. Determine the amount of net income that the PTA will earn if ticket sales are 14 percent lower than expected. Calculate the percentage change in net income. b-3. Assume the PTA pays Mr. Logan $13 per ticket sold. Determine the amount of net income that the PTA will earn if ticket sales are 14 percent higher than expected. Calculate the percentage change in net income. b-4. Assume the PTA pays Mr. Logan $13 per ticket sold. Determine the amount of net income that the PTA will earn if ticket sales are 14 percent lower than expected. Calculate the percentage change in net income. d-1. Which type of cost structure (fixed or variable) produces the higher growth potential in profitability for a company? d-2. Which type of cost structure (fixed or variable) faces the higher risk of declining profitability for a company? d-3. Under what circumstances should a company seek to establish a fixed cost structure? d-4. Under what circumstances should a company seek to establish a variable cost structure? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Reg B4 Reg D Present a statement showing the expected net income assuming 500 people buy tickets