Chapter 11 Homework MGT407 - 2020 1. Hau Lee Furniture, Inc., described in Example 1 in chapter 11 of the textbook, finds its current profit of $10,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $40,000 so he can obtain the bank's approval for the loan. a. What is the cost of material with a $40,000 profit using a supply chain strategy to improve profit? b. What must sales be for profit to improve to $40,000 using a sales strategy to improve profit?