Question: I really only need the full answer for part B) as I got the answers for part a. Thank you Hau Lee Furniture, Inc., spends

I really only need the full answer for part B) as I got the answers for part a. Thank you

Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $24,000 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 $29,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in the supply chain strategy for profit to improve to $29,000 ? What is the cost of material with a $29,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $29,000, for a new material cost of $35000. (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 $29,000 ? What must sales be for profit to improve to $29,000? An increase of % in sales is required to yield a profit of $29,000, 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.)

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