Excerpts from cost-volume-profit analysis of Nutshell Inc indicate fixed costs of $85,000, a contribution margin per unit of $40, a selling price of $95, and a sales level of 4,000 units. What must be the targeted level of profit?
A) $116,875
B) $103,125
C) $85,000
D) $75,000
D
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Indicate whether the statement is true or false