Major Corporation operates a wholesale electrical supply company with two locations.Each location is evaluated as an investment center.Selected results from the latest year are as follows:
a.Calculate the residual income for Location #1.
b.Calculate the EVA for Location #2.
Definitions:
Concurrent Control
A management process that involves monitoring and adjusting ongoing activities and processes to ensure they meet established standards.
Corrective Action
Measures taken to identify, eliminate, and prevent recurrence of undesirable performances or non-conformities in a process or system.
Feedback Control
A process where outputs are monitored and used to make adjustments to inputs or processes to achieve desired outcomes.
Quality
The degree to which a product or service meets or exceeds customer expectations.
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