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Category > Accounting Posted 26 Apr 2017 My Price 10.00

What percentage improvement is needed in the sales

Hau Lee Furniture, Inc., described in Example 1 of this chapter, finds its current profit of $10,000 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 $25,000 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 $25,000? What is the cost of material with a $25,000 profit?

b) What percentage improvement is needed in the sales strategy for profit to improve to $25,000? What must sales be for profit to improve to $25,000?

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 07:04 AM My Price 10.00

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file 1493190305-1918124_1_636287336736823062_1918124.docx preview (429 words )
H-----------au -----------Lee----------- Fu-----------rni-----------tur-----------e, -----------Inc-----------., -----------des-----------cri-----------bed----------- in----------- Ex-----------amp-----------le -----------1 o-----------f t-----------his----------- ch-----------apt-----------er,----------- fi-----------nds----------- it-----------s c-----------urr-----------ent----------- pr-----------ofi-----------t o-----------f $-----------10,-----------000----------- in-----------ade-----------qua-----------te.----------- Th-----------e b-----------ank----------- is----------- in-----------sis-----------tin-----------g o-----------n a-----------n i-----------mpr-----------ove-----------d p-----------rof-----------it -----------pic-----------tur-----------e p-----------rio-----------r t-----------o a-----------ppr-----------ova-----------l o-----------f a----------- lo-----------an -----------for----------- so-----------me -----------new----------- eq-----------uip-----------men-----------t. -----------Hau----------- wo-----------uld----------- li-----------ke -----------to -----------imp-----------rov-----------e t-----------he -----------pro-----------fit----------- li-----------ne -----------to -----------$25-----------,00-----------0 s-----------o h-----------e c-----------an -----------obt-----------ain----------- th-----------e b-----------ank-----------’-----------s a-----------ppr-----------ova-----------l f-----------or -----------the----------- lo-----------an.----------- a-----------) W-----------hat----------- pe-----------rce-----------nta-----------ge -----------imp-----------rov-----------eme-----------nt -----------is -----------nee-----------ded----------- in----------- th-----------e s-----------upp-----------ly -----------cha-----------in -----------str-----------ate-----------gy -----------for----------- pr-----------ofi-----------t t-----------o i-----------mpr-----------ove----------- to----------- $2-----------5,0-----------00?-----------
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