* Cengage Learning* CengageNOWv2 | Online teachin xxO Week 8: Chapter 21 Homework xQ く ★essengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseHomeworkeBookThe Walt Disney Company (DIS) is a leading worldwide entertainment company. Disney operates four business segments. These segments and some of their larger businesses are:• Media Networks: ABC Network, ESPN, Disney Channel, and A&E• Parks and Resorts: Walt Disney World Resort, Disneyland, and International Disney Resorts• Studio Entertainment: Walt Disney Pictures, Pixar, Marvel, and LucasfilmConsumer Products and Interactive Media: Licensing of Disney characters, publishing, and retail storesRecent comparative revenues for the four segments are as follows (in millions):SegmentYear 3Year 1Media Networks$23,689 $21,152Parks and Resorts16,97415,099Studio Entertainment9,4417,278Consumer Products and Interactive Media5,5285,284Total$55,632 $48,813くa. Prepare a vertal analysis of the segment sales to total sales for Year 1 and Year 3. Round percentages to nearest whole percent. Note: Due to rounding, your totals mayexceed 100 percent.SegmentYear 3Year 3 Percentage Year 1 Year 1 PercentageMedia Networks$23,689% $21,152Parks and Resorts16,97415,099Studio Entertainment9,4417,278Consumer Products & Interactive Media5,5285,284Total$55,632% $48,813s: 315 itemsCheck My Work(PreviousNextnt Score: 22.78%All work saved.Save and ExitSubmit Assignment for GradingV A 3:57 workO eBook$55,632% $48,813Totalfrom Year 1 to Year 3. Theb. The revenues of Parks and Resorts and Consumer Products & Interactive Media segments as a percentage of total revenue hasoffsetting gains came from two-percentage point gains from* from Year 1 to Year 3. Thus, there was slight adjustment in the relative segment sales betweenYear 1 and Year 3.c. Prepare a horizontal analysis of the segment sales between Year 1 and Year 3. Round percentages to nearest whole percent.SegmentYear 3Year 1Amount Change% ChangeMedia Networks$23,689 $21,152Parks and Resorts16,97415,099Studio Entertainment9,4417,278Consumer Products & Interactive Media5,5285,284Total$55,632 $48,813d. Which segment showed the largest growth?Parks and ResortWhich segment showed the smallest growth?15 itemsCheck My Work(PreviousNextcore: 22.78%All work saved.Save and ExitSubmit Assignment for GradingA 3:58

Hi student Since there are multiple subparts, we will answer only first three subparts.

Answered: The Walt Disney Company (DIS) is a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment includes a number of businesses, examples of which are indicated in parentheses. Turner (cable networks and digital media) Home Box Office (pay television) Warner Bros. (films, television, and videos) Assume that the variable costs as a percent of sales for each segment are as follows: Turner Home Box Office Warner Bros. Revenues Time Warner, Inc. Segment Revenues (in millions) 38% 30% a. Determine the contribution margin and contribution margin ratio for each segment from the information given. When required, round to the nearest whole millionth (for example, round 5,688.7 to 5,689). Round contribution margin ratio to whole percents for each segment from the information given. Variable costs Contribution margin $90,000 93,000 27,000 A 28% Turner Home Box Office Warner Bros. LA 000
D4
Vertical Analysis of Income Statement For 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the year, Leif Grando, the president, is presented with the following condensed comparative income statement: Fielder Industries Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $1,300,000 $1,180,000 Cost of goods sold (682,500) (613,600) Gross profit $617,500 $566,400 Selling expenses $(260,000) $(188,800) Administrative expenses (169,000) (177,000) Total operating expenses $(429,000) $(365,800) Operating income $188,500 $200,600 Other revenue 78,000 70,800 Income before income tax expense $266,500 $271,400 Income tax expense (117,000) (106,200) Net income $149,500 $165,200 Required: Question Content Area 1. Prepare a comparative income statement for the two-year period,…
Vertical Analysis of Income StatementFor 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of theyear, Leif Grando, the president, is presented with the following condensed comparative income statement:3. PR.14-05BFielder Industries Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2 20Y1Sales $1,300,000 $1,180,000Cost of goods sold 682,500 613,600Gross profit $617,500 $566,400Selling expenses $260,000 $188,800Administrative expenses 169,000 177,000Total operating expenses $429,000 $365,800Income from operations $188,500 $200,600Other income 78,000 70,800Income before income tax $266,500 $271,400Income tax expense 117,000 106,200Net income $149,500 $165,200Required:1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round toone decimal place. Enter all amounts…
12
Segment Revenue Vertical Analysis Newton Corporation is one of the world's largest entertainment companies that includes Gravity films, Apple Broadcasting, Gravity News, the GR, and various satellite properties. The company provided revenue disclosures by its major product segments in the notes to its financial statements as follows: a. Using the revenue disclosures by major product segment listed below, provide a vertical analysis of the product segment revenues. Round all percents to one decimal place. For a Recent Year Major Product Segments (in millions) Percent (%) Cable Network Programming $23,925 Television 8,338 Filmed Entertainment 5,154 Direct Broadcast Satellite Television 4,483 Total revenues of major segments $41,900 %
Segment Contribution Margin Analysis The Walt Disney Company (DIS) is a global entertainment company that is organized into four business segments as follows: Media Networks:Television production and distribution, including ABC television network, ESPN, National Geographic. Parks, Experiences, and Products:Theme parks and resorts, including Walt Disney World and Disneyland; Experiences, including Disney Cruise Line and Disney Vacation Club; Products, including Disney and Pixar characters, comic books, and magazines. Studio Entertainment:Music and motion picture production and distribution, including Twentieth Century Studios, Marvel, and Lucasfilm. Direct-to-Consumer & International:Streaming services, including Disney+, ESPN+, and Hulu. For a recent year, Disney reported the following segment results (in millions): Line Item Description SegmentMediaNetworks SegmentParks, Experiences,and Products SegmentEntertainment Direct-to-Consumer& International Revenues $28,393…
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Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows: Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,010,000 $1,060,000 $1,030,000 Operating expenses 492,000 390,400 727,600 Invested assets 3,700,000 3,100,000 2,100,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: Question Content Area 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department cost allocations. E.F. Lynch CompanyDivisional Income StatementsFor the Year Ended June 30, 20Y8 MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee…
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Return on investment Commodore Entertainment has four profitable business segments, described as follows: • Media Networks: Television and radio • Parks and Resorts: Resorts, including Commodore land • Studio Entertainment: Motion pictures, musical recordings, and stage plays • Consumer Products: Character merchandising, Commodore stores, books, and magazines Commodore Entertainment recently reported sector income from operations, revenue, and invested assets as follows: Media Networks Parks and Resorts Studio Entertainment Consumer Products Income from Invested Operations Revenue Assets $151,434 $676,800 $846,000 61,824 331,200 552,000 9,025 98,518 332,500 408,600 475,000 227,000 a. Use the DuPont formula to determine the return on investment for the four Commodore Entertainment sectors. Round Profit Margin and ROI to one decimal place and Investment Turnover to two decimal places. Media Networks Parks and Resorts Studio Entertainment Consumer Products Profit Margin Investment…

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