Online Quiz 15b

Question 1

Which ONE of the following is Disney’s MOST profitable segment?
  Media Networks
 Parks and Resorts
 Studio Entertainment
 Consumer Products
 Interactive

Answer 1

Answer: Media Networks

Question 2

How large were the Lucasfilm revenues and net income in 2013?
About equal to the Media Networks segment
About equal to the Studio Entertainment segment
The largest revenues and net income of any Disney segment in history
Very small

Answer 2

Answer: Very small

Question 3

To which segment was most of the Lucasfilm goodwill assigned?
  Media Networks
 Parks and Resorts
 Studio Entertainment
 Consumer Products
 Interactive

Answer 3

Answer: Consumer Products

Question 4

How is the $50.7 billion “contractual commitment” to make future broadcast programming payments reported in Disney’s balance sheet?
This $50.7 billion commitment is NOT reported in Disney’s balance sheet.
As a current liability
As a long-term liability
As a subcategory of retained earnings
As a current asset
As a long-term asset

Answer 4

Answer: This $50.7 billion commitment is NOT reported in Disney’s balance sheet.

Question 5

The following data are for the Bluebird Clothing Store.
Total reported assets 5,000
Total reported liabilities 2,000
Sales 15,000
Estimated value of PP&E leased 3,500
Estimated “lease payment
obligation” not in balance sheet 3,500
Compute the Bluebird’s ADJUSTED debt ratio after considering the impact of the off-balance-sheet leased assets and lease obligation.
93.3%
40.0%
46.7%
23.3%
64.7%

Answer 5

Answer: 64.7%