Question: Corral Corporation is experiencing errors with inventory tracking Incorrect tracking causes errors in inventory balances and the financial statements. To make corrections cost the company

 Corral Corporation is experiencing errors with inventory tracking Incorrect tracking causes

Corral Corporation is experiencing errors with inventory tracking Incorrect tracking causes errors in inventory balances and the financial statements. To make corrections cost the company 575.000 in labor and processing. Adding an improved cost center system for an amount of 56,000, would reduce the kelihood down by 25 from the current likelihood of 24. Answer following results of cost/benefit analysis. NOTE: Round answers to whole dollar What is difference in expected loss without procedure and with procedure? What is net expected benefit for cost/benefit analysis Should you reduce the likelihood by implementing procedure, or accept likelihood of lossEnter one word, reduce or accept

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