bred costs Profit 31,200 23,400 12% 9% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $33,400? What is the cost of material with a $33,400 profit? A decrease of % in supply-chain costs is required to yield as profit of $33,400, for a new cost of supply chain purchases of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the now supply chain cost as a whole number)
bred costs Profit 31,200 23,400 12% 9% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $33,400? What is the cost of material with a $33,400 profit? A decrease of % in supply-chain costs is required to yield as profit of $33,400, for a new cost of supply chain purchases of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the now supply chain cost as a whole number)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
Transcribed Image Text:Sales
Cost of supply chain purchases
Other production costs
Fixed costs
Profit
260,000
169,000
36,400
31,200
23,400
% of sales
100%
65%
14%
12%
9%
a) What percentage improvement is needed in a supply chain strategy for profit to improve to $33,400? What is the cost of material with a $33,400 profit?
A decrease of % in supply-chain costs is required to yield is profit of $33,400, for a new cost of supply chain purchases of $ (Enter your response for the percentage decrease to
one decimal place and enter your response for the now supply chain cost as a whole number)
Transcribed Image Text:Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $23,400 (as shown in the statement below) inadequate for expanding his business. The bank is
insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $33,400 so he can obtain the bank's approval for the
loan.
Sales
Cost of supply chain purchases
Other production costs
Foxed costs
Profit
260,000
160,000
36,400
31,200
23,400
% of sales
100%
65%
14%
12%
9%
a) What percentage improvement is needed in a supply chain strategy for profit to improve to $33,400? What is the cost of material with a $33,400 profit?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education