Question: answer A and B b.) What percentage improvement is needed in the sales strategy for profit to improve to $33,000? What must sales be for
Score: U of 1 pt 1 of 18 (14 complete) HW Score: 77.78%, 14 of 18 pts Problem 11.2 Question Help Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $28,000 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 $33,000 so he can obtain the bank's approval for the loan. Current Situation Sales $140,000 Cost of material $70,000 (50%) Production costs $28,000 (20%) Fixed cost $14,000 (10%) Profit $28.000 (20%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $33,000? What is the cost of material with a $33,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $33,000, 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.)
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