Description of Composite Leadership Traits

Description of Composite Leadership Traits

Instructions/Descriptions

Description of Composite Leadership Traits

Write a narrative describing the composite leadership traits of Thomas Becket, Queen Liliuokalani, Leonidas, and Coco Chanel.

• Note that the focus should be entirely on leadership traits.
• This paper should not repeat or even include the biographical information provided in your previous papers about the leaders.
• This paper should also not include any review of their history or historic deeds, except in relation to a specific leadership trait if necessary to illustrate or describe the characteristics of that trait as demonstrated by a specific leader.

Describe your leadership style and how it compares with the composite of the world leaders.

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• The paper should not exceed 6 pages.
• Direct quotes are not acceptable – the paper must be in your own words.
• Facts, figures and readings that inform your ideas must be properly cited.
• Use Verdana 12, double space.
• Explanation of Difference in Net Operating Income AssignmentW4 AssignmentComplete homework exercises in Word or Excel.

  Chapter 5:    Exercises 2, 3, 4, 6

  EXERCISE 5–2 Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO 5–2]

  Refer to the data in Exercise 5–1 for Ida Sidha Karya Company. The absorption costing income statement prepared by the company’s accountant for last year appears below:

  Sales. . . . . . . . . . . . . . . . . . . . . . .	$191,250
  Cost of goods sold. . . . . . . . . . . . .	157,500
  Gross margin. . . . . . . . . . . . . . . . .	33,750
  Selling and administrative expense. . .	24,500
  Net operating income. . . . . . . . . . . .	$ 9,250

  Required:

  1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.
  2. Prepare an income statement for the year using variable costing. Explain the difference in net operating income between the two costing methods.

  EXERCISE 5–3 Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO 5–3]

  Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data:

  	Year 1	Year 2	Year 3
  Inventories:
  Beginning (units). . . . . . . . . . . . . . . . .	200	170	180
  Ending (units). . . . . . . . . . . . . . . . . . .	170	180	220
  Variable costing net operating income. . . . .	$1,080,400	$1,032,400	$996,400

  The company’s fixed manufacturing overhead per unit was constant at $560 for all three years.

  Required:

  1. Determine each year’s absorption costing net operating income. Present your answer in the form of a reconciliation report.
  2. In Year 4, the company’s variable costing net operating income was $984,400 and its absorption costing net operating income was $1,012,400. Did inventories increase or decrease during Year 4? How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4?

  EXERCISE 5–4 Basic Segmented Income Statement [LO 5–4]

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Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow:

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Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.

EXERCISE 5–6 Variable and Absorption Costing Unit Product Costs and Income Statements [LO 5–1, LO 5–2]

Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s first year of operations:

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company’s product is $50 per unit.

Required:

1. Assume that the company uses absorption costing:

• a. Compute the unit product cost.
• b. Prepare an income statement for the year.

2. Assume that the company uses variable costing:

• • a. Compute the unit product cost.
  • b. Prepare an income statement for the year.

Description of Composite Leadership Traits

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