tKSalesCost of materialProduction costsFixed costProfit$100,000$45,000 (45%)$15,000 (15%)$15,000 (15%)$25,000 (25%)a) What percentage improvement is needed in the supply chain strategy for profit to improve to $30,000? What is the cost ofmaterial with a $30,000 profit?A decrease of% in material (supply-chain) costs is required to yield a profit of $30,000, for a new material cost of $. (Enteryour response for the percentage decrease to one decimal place and enter your response for the new material cost as a wholenumber.) KHau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $25,000 inadequate. Thebank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve theprofit line to $30,000 so he can obtain the bank's approval for the loan.SalesCost of materialProduction costsFixed costProfitCurrent SituationD$100,000$45,000 (45%)$15,000 (15%)$15,000 (15%)$25,000 (25%)a) What percentage improvement is needed in the supply chain strategy for profit to improve to $30,000? What is the cost of

Profit = Sales - Fixed Costs - Other Production costs - Cost of material Given, Profit = $30000…

Answered: Hau Lee Furniture, Inc., spends 45% of…

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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Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $21,000 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 $26,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $140,000 $70,000 (50%) $28,000 (20%) $21,000 (15%) $21,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $26,000? What is the cost of material with a $26,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $26,000, 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.)
Below are the market prices and historical prices that your company has been paying for three different purchasing teams. Which of the purchasing teams is performing the BEST? Steel Paper Fuel a) Steel Ob) Paper PPI (Market) Oct-19 173.7 176.3 166.8 Oct-20 191.7 186.5 187.6 O) Fuel O d) None of the teams are performing well Oe) There is not enough information to make a determination Actual (Historical) Oct-19 2.25 27 132.75 Oct-20 3 28.8 145
Based on the following information, how many days of supply of inventory is the firm holding (assuming 260 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place. Sales $8,300,000 Cost of goods sold $7,540,000 Gross profit $760,000 Overhead costs $600,000 Net profit $160,000 Total inventory $2,600,000 Fixed assets $3,100,000 Long-term debt $2,300,000 a. 89.7 days b. 286.2 days c. 81.4 days d. 236.2 days
I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?
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five general risks involved in the revenue cycle of any business. Further, indicate the physical and IT control against each risk
OPQR partnership was engaged in a money exchange business. Due the travel restrictions and many lockdowns, their business suffered continuous losses and despite many other strategies employed, have hard time of getting back up. O, P and Q agreed that since NCR has b- placed in Alert Level 3 and travel is now allowed, they should all contribute additional capital of P20,000 each to fast track possible ga and make the business going. R resists such proposal since he believe they will never be able to regain what they already lost. Is R correct? Explain. What other remedy is available to the partnership to continue with the business? Explain.
Submit a single Excel file with formulas within answer cells. Show the formulas for the answer County Hospital contracts for an anesthesiologist’s services for a guaranteed cost of $15,000 a month. For every service the anesthesiologist provides on a procedure, the hospital budgets an incremental $200 toward the anesthesiologist’s salary. Every time the anesthesiologist provides a service, the hospital gains revenue of $1200, which is a sixth of the overall procedure’s revenue. Be sure to make excel do the calculations and indicate any units for the answer. How many procedures would an anesthesiologist have to work on monthly for the hospital to Break Even?
Suppose that you own a freight forwarder company. One of your customers “ELAR A.Ş.” called you on JANUARY 2022 and asked for the freight offer for the transportation of five TEU (your cost object) products from location X to location Y.You are supposed to give a reasonable freight offer to your customer. Your profit margin is 25 %. First find the cost, then add 25 % profit margin to find the customer price. Use job costing and normal costing.a) Choose Location X and Y, explain your route and transportation modes. Explain whether the transportation is door to door or not. You can use one, two or three modes of transportation to carry out this transaction.b) Identify and LIST the direct costs of the job. Calculate the total direct costs of the job.c) Budget and LIST the indirect costs of your company for all jobs in 2022. Calculate the total indirect costs of your company for 2022. d) Select your allocation base and compute the allocation rate per unit. You may use multiple allocation…
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Describes the relationship between profit—which is the difference betweentotal revenue and total (i.e., fixed plus variable) cost—and volume of output?
As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far. Item % of Revenue Selling Price $1.20 $2.00 $1.00 $1.00 Variable Cost Soft Drink $0.60 24 25 $0.90 $0.30 Wine Coffee 31 Candy $0.35 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You ostimate labor cost to be $260.00 (5 booths with 2 people each) Even if nothing is sold, your labor cost will be $280.00, so you decide to consider this a fixed cost Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-oven point in dollars for the St. Cloud Theatre Company = $(round your response to two decimal places).

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