The bank is insisting on improved profit picture prior

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Hau Lee? Furniture, Inc., spends 50?% of its sales dollars in the supply chain and finds its current profit of ?$28,000 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 ?$33, 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 ?$33, 000?? What is the cost of material with a ?$33, 000 ?profit? A decrease of nothing?% in material? (supply-chain) costs is required to yield a profit of ?$33, 000?, for a new material cost of ?$ nothing. ?(Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole? number.)

Reference no: EM132294958

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