What percentage improvement is needed in the sales strategy for profit to improve to $17000?

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Han Lee Furniture Inc spends 55% of its sales dollars in the supply chain and finds its current pr Show more Han Lee Furniture Inc spends 55% of its sales dollars in the supply chain and finds its current profit of $12000 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 $17000 so he can obtain the banks approval for the loan. Current Situation Sales $80000 Cost of material $44000 (55%) Production costs $12000 (15%) Fixed cost $12000 (15%) Profit $12000 (15%) a.) What percentage improvement is needed in the supply chain strategy for profit to improve to $17000? What is the cost of material with a $17000 profit? A decrease of __% in material(supply-chain) costs is required to yield a profit of $17000 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. b.) What percentage improvement is needed in the sales strategy for profit to improve to $17000? What must sales be for profit to improve to $17000? An increase of __% in sales is required to yield a profit of $17000 for a new level of sales of $___. (Enter your response for the percentage increase to one decimal place and enter your response for the new sales as a whole number.) Show less