Hau Lee Furniture, Inc., spends $50\%$ of its sales dollars in the supply chain and finds its current profit of $$20,000$ inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau Lee Furniture, Inc., spends $50\%$ of its sales dollars in the supply chain and finds its current profit of $$20,000$ inadequate. The bank is insisting on an improved proft picture prior to approval of a loan for some now equipment. Hau would like to improve the profit line to $$25,000$ so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Current Situation $$80\mathrm{.}000$ $$40\mathrm{.}000(50\%)$ $$16\mathrm{.}000(20\%)$ $$4\mathrm{.}000(5\%)$ $$20\mathrm{.}000(25\%)$ Profit a$)$ What percentage improvement is needed in the supply chain strategy for profit to improve to $$25,000?$ What is the cost of material with a $$25,000$ pront? A decrease of in material $($supply chain costs is required to yield a profit of $$25,000,$ for a new material cost of Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number$)$ b$)$ What percentage improvement is needed in the sales strategy for profit to improve to $$25,000?$ What must sales be for profit to improve to $$25,000?$ An increase of in sales is required to yield a profit of $$25,000$ for a new new level of sales of $ $($Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.$)$ Enter your answer in each of the answer boxes