Question Six: The Financial Statement of your company shows that your profit is $20,000(as shown in the table below) inadequate for expanding your business. The bank isinsisting on an improved profit picture prior to approval of a loanfor some new equipment. If you would like to improve the profit line to $30,000 so you canobtain the bank's approval for the loan.ITEMSalesCost of supply chain purchasesOther production costsFixed costsProfitDollar S400,000300,00040,00040,00020,000% of sale100%75.0%10.0%10.0%5.0%a) What percentage improvement is needed in a supply chain strategy for profit toimprove to $30,000? What is the cost of material with a $30,000 profit?b) What percentage improvement is needed in a sales strategy for profit to improve to$30,000? What must sales be for profit to improve to $30,000?Foff

Answered: Question Six: The Financial Statement…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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