A Recent Income Statement of Toronto Corporation Reported the Following

Multiple Choice

A recent income statement of Toronto Corporation reported the following data: units sold 10,000; sales revenue $9,500,000; variable costs $4,000,000; fixed costs $1,600,000. If Dagwood wanted to earn a target net profit of $1,150,000, it would have to sell:

A) 2,091 units.
B) 2,895 units.
C) 3,481 units.
D) 5,000 units.
E) 6.875 units.