Hau Lee Furniture Inc spemds 45% of its sales dollars in the supply chain and finds its current profit of $49,000 inadequate. The bank is insisting on an improved profit picture prior of a loan for some new equipment. hau would like to improve the profit line to $54,000 so he can obtain the banks approval for the loan sales 140,000 cost of matierla 63,000 production costs 21,000 fixed costs 7,000 profit 49,000
What percentage improvement is needed in the supply chain strategy for profit to improve to $54,000?? What is the cost of material with a ?$54,000 ?profit? decrease of nothing ?% in material? (supply-chain) costs is required to yield a profit of ?$54,000?, for a new material cost of ?$ ?(Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole? number.)