Receivables;Fixed Assets
Give your views in one sentence for each company Walt Disney’s and Lockheed Martin’s Company Receivables and fixed Assets
Walt Disney Company has accounts receivable with the sale of television program rights as well as vacation ownership units that are greater than one year.
Based on the balance sheet and the notes, there were no specific details about who owes the company money. For current receivables, they only listed
accounts receivable" and "other"-
One thing that was noted in the Allowance for Doubtful Accounts note on page 50 that was mentioned was that if uncollectible accounts is too low for the
Walt Disney Company, then costs and expenses may increase in the future and ifthe uncollectible account is too high then the costs and expenses may
decrease- The Walt Disney Company also stated that they base their allowance for doubtful accounts on their analysis of historical bad debt experiences-
They also take into account the financial condition of individual companies-
From fiscal year 2015 to fiscal year 2016, The Walt Disney Company's accumulated depreciation for their attractions, buildings and equipment went up from
$24,844,000 to $26,849,000- The value of the attractions, buildings and equipment went up as well from $42,745,000 to $50,270,000- In 2016, with the
accumulated depreciation taken into account, the attractions, buildings and equipment value was actually at $23,421,000- (p- 63)