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Hau Lee Furniture, Inc., spends 55% o its sales dollars in the supply chain and finds its current profit of $15.000 equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bans approval for the loan adequate. The bank is insisting on an improved profit picture prior to approval of a loan or some new Sales Cost of material Production costs Fixed cost Profit Current Situation $100,000 $55,000 (55%) $25,000 (25%) $5,000 (5%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a S20,000 profit? ofS2000 for a new material cost of Enteryo Adecrease o % n material supply in costs is required to yield a pro response for the new material cost as a whole number) rres sefor the pere tage decrease toor e de imal place and enter yourQuestion also asks: PLEASE ANSWER

b) What percentage improvement is needed in the sales strategy for profit to improve to $20,000? What must sales be for profit to improve to 20,000?

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