Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The bank is insisting on an improved profit picture prior to an approval of a loan for some new equipment. Margaret would like to improve the profit line to $25,000 so she can obtain the approval for the loan. Given the information below and using a Sales Strategy, what percentage change of sales would need to be increased to achieve a $25,000 profit? FACTOR Sales Cost of Supply Chain Purchases Production Costs Fixed Costs Profit Percentage 100% 70% 12% 12% 6% Current Situation $250,000 $175,000 $30,000 $30,000 $15,000

Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The bank is insisting on an improved profit picture prior to an approval of a loan for some new equipment. Margaret would like to improve the profit line to $25,000 so she can obtain the approval for the loan. Given the information below and using a Sales Strategy, what percentage change of sales would need to be increased to achieve a $25,000 profit? FACTOR Sales Cost of Supply Chain Purchases Production Costs Fixed Costs Profit Percentage 100% 70% 12% 12% 6% Current Situation $250,000 $175,000 $30,000 $30,000 $15,000

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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