Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $16,000 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 $21,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $80,000 $40,000 (50%) $16,000 (20%) $8,000 (10%) $16,000 (20%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $21,000? What is the cost of material with a $21,000 profit? A decrease of% in material (supply-chain) costs is required to yield a profit of $21,000, for a new material cost of $ 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 $21,000? What must sales be for profit to improve to $21,000? An increase of % in sales is required to yield a profit of $21,000, for a new new level of sales of $ response for the new sales as a whole number.) (Enter your response for the percentage decrease to one decimal place (Enter your response for the percentage increase to one decimal place and enter your

Hau Lee Fumbura. inc, spends 50% of its sales dolars in the supply chain and finds 48 current profit of $16,000 inadequate. The bank is insisting on an improved prof? picture prior to approval of a ban for scrne new equipment. Hou would like to improve the profe ine to $21,000 so he can obtan the bark's approval for the loan. a) What percentage improvement is needed in the supply chan strategy for prott to improve to $21,0003 What is the cost of material with a $21,000 prost? A decrease of Th in material (supply-chain) costs is required lo yiold a proft of $21,000, for a now material cest of $ and enter your response far the new material cost as a whale number) (Enter your nesponse for the percentage decrease to one decimal plece b) What percentage improvement is needed in the saled stratogy for profit to improve to $21,000 ? What must sales be for prost to improve to $21,000 ? An increase of Sin sales is required to yield a proft of \$21,000, for a new new levol of sales of $ (Enter your response for the percentage increase to cone decimal piace and enter your cesponso for the new sales as a whole number)