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The Parent Teacher Assoclation $($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 $$28$ each. The school has agreed to let the PTA use Harville Auditorlum at no cost$.$ Mr$.$ Logan Is willing to accept one of two compensation arrangements. He will sign an agreement to recelve a fixed fee of $$10,000$ regardless of the number of tickets sold. Alternatively, he will accept payment of $$20$ per ticket sold. In communitles similar to that in which Meadow Is located, Mr$.$ Logan has drawn an audlence 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 $$10,000.$ Determine the amount of net Income that the PTA will earn If ticket sales are $10$ percent higher than expected. Calculate the percentage change in net Income.

b$-2.$ Assume the PTA pays Mr$.$ Logan a fixed fee of $$10,000.$ Determine the amount of net Income that the PTA will earn If ticket sales are $10$ percent lower than expected. Calculate the percentage change in net income.

b$-3.$ Assume the PTA pays Mr$.$ Logan $$20$ per ticket sold. Determine the amount of net Income that the PTA will earn If ticket sales are $10$ percent higher than expected. Calculate the percentage change In net Income.

b$-4.$ Assume the PTA pays Mr$.$ Logan $$20$ per ticket sold. Determine the amount of net Income that the PTA will earn if ticket sales are $10$ percent lower than expected. Calculate the percentage change in net income.

d$-1.$ Which type of cost structure $($fixed or varlable$)$ produces the higher growth potentlal in profitability for a company?

d$-2.$ Which type of cost structure $($fixed or varlable$)$ faces the higher risk of decilining 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 varlable cost structure?

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

$\backslash$table$[[$Req A$,$Req B$1,$Req B$2,$Req B$3,$Req B$4,$Req D$]]$

Present a statement showing the expected net income assuming $500$ people buy tickets.

$\backslash$table$[[,],[$Revenue$,],[$Cost of speaker,$],[,],[$Net income,$]]$

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