Question: Questions 1-2 are based on the following data. Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The

Questions 1-2 are based on the following data. Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2004 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) costs 50,000

1. How many sets of clubs must be sold for Tee Times, Inc. to reach their break even point?

2. How many sets of clubs must be sold to earn a target operating income of $90,000?

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