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202 The Tennis Association Foundation, funded partly by the government, is planning an investment in the sport in order to encourage more children to take
202 The Tennis Association Foundation, funded partly by the government, is planning an investment in the sport in order to encourage more children to take up tennis. This funding will lead to an increased number of children's tennis facilities being available in 202 and a corresponding rise in the sale of tennis racquets. The sales volume ratio for the year is expected to be 3:5 for badminton and tennis racquets respectively, with a weighted average contribution to sales (C/S) ratio of 52.21%. Racquetz Co has budgeted to sell badminton racquets for $22 per unit and tennis racquets for $32 per unit. Fixed costs are expected to be $604,750 for the year. In 20X2, assuming that the racquets are sold in a constant sales mix based on the budgeted sales volume ratio, what is the total sales revenue Racquetz Co needs to achieve to make a profit of $450,800 (to the nearest $$000 )? $551,000 $863,000 $2,022,000 $295,000
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