Please answer B)

2x Problem 11.2 Question Help Hau Lee Furniture, Inc., spends 55% of its sales dollars in the supply chain and finds its current profit of $25,000 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 $30,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $100,000 $55,000 (55%) $15,000 (15%) $5,000 (5%) $25,000 (25%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $30,000? What is the cost of material with a $30,000 profit? A decrease of 9.09 % in material (supply-chain) costs is required to yield a profit of $30,000, for a new material cost of $ 50,000. (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 $30,000? What must sales be for profit to improve to $30,000? An increase of 20.0 % in sales is required to yield a profit of $30,000, for a new new level of sales of $120,000. (Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.)