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Question Help Hau Lee Furniture Inc. spends 45% of its sales dollars in the supply chain and finds its current profit of 516,000 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 $21,000 so he can obtain the bank's approval for the loan Current Situation Sales S80.000 Cost of material $36,000 (45%) Production costs $16.000 (20%) Fixed cost $12.000 (15%) Profit 516,000 (2016) a) What percentage improvement is needed in the supply chain strategy for profit to improve to 521,000? What is the cost of material with a 521,000 profit? A decrease of 13.9 % in material (supply-chain) costs is required to yield a profit of $21.000 for a new material cost of $ 31000 (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 prott to improve to $21,000? What must sales be for profit to improve to 521,000? An increase of % in sales is required to yield a profit of $21000, for a new new level of sales of H. Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a wnole number

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