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Question $1$

Question $2$

Question $3$

Question $4$

Question $5$

Question $6$

Question $7$

Question $8$

Question $9$

Question $10$

Question content area

Part $1$

Hau Lee$$ Furniture, Inc., spends $\%$ of its sales dollars in the supply chain and finds its current profit of $$$ 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 $$$ so he can obtain the$$ bank's approval for the loan.

Current Situation

Sales

$$$

Cost of material

$$$ $(\%)$

Production costs

$$$ $(\%)$

Fixed cost

$$$ $(\%)$

Profit

$$$ $(\%)$

Part $2$

$$a$)$ What percentage improvement is needed in the supply chain strategy for profit to improve to $$$$?$ What is the cost of material with a $$$ $$profit$?$

A

$$

enter your response here$\%$ decrease in material$($supply$-$chain$)$ costs is required to yield a profit of $$$$,$ for a new material cost of $$$

$$

enter your response here. $($Enter your responses as whole$$ numbers.$)$

Part $3$

$$b$)$ What percentage improvement is needed in the sales strategy for profit to improve to $$$$?$ What must sales be for profit to improve to $$$$?$

A

$$

enter your response here$\%$ increase in sales is required to yield a profit of $$$$,$ for a new new level of sales of $$$

$$

enter your response here. $($Enter your responses as whole$$ numbers.$)$