1. Based on the information provided, the CEO is the most likely candidate for the CODM role at Big Islands. However, it is possible that another executive at the company could also be considered the CODM.
2. The most likely operating segments for Big Islands are the 10 theme parks. However, it is possible that the company could segment the parks further by type of attraction, location, or other factors.
1:
Based on the information provided in the image, the most likely candidate for the CODM role at Big Islands is the CEO. The CEO is responsible for the overall operations of the company, including setting strategic direction, managing resources, and making key decisions. The image states that the CEO receives a monthly reporting package that includes consolidated and segment-level financial information, which is consistent with the responsibilities of a CODM.
The image also states that the CEO uses adjusted EBITDA to make investment and allocation decisions. Adjusted EBITDA is a non-GAAP measure that excludes certain expenses that are not considered to be directly related to the company's operating activities. This suggests that the CEO is focused on the company's profitability and that they have the authority to make decisions that affect the company's financial performance.
Of course, it is possible that another executive at Big Islands could also be considered the CODM. For example, the COO (chief operating officer) is typically responsible for the day-to-day operations of the company. However, the image does not mention the COO, so it is not clear whether this person has the same level of authority as the CEO.
2:
Based on the information provided in the image, the operating segments for Big Islands are likely to be the 10 theme parks that the company owns. The image states that the CEO receives a monthly reporting package that includes a consolidated P&L for all the parks, as well as a P&L for each park. This suggests that the company views each park as a separate business unit with its own revenue streams, costs, and management responsibilities.
The image also states that the parks are similar in terms of rides, attractions, shows, and seasonal events. This suggests that the company may not segment the parks further by type of attraction or location. However, it is also possible that the company could segment the parks by geographic region or by other factors.
Financial Statements and Disclosures:
The financial statements and disclosures of Big Islands could provide additional information that could help to confirm the operating segments for the company. For example, the notes to the financial statements would typically provide more details about the company's operating segments, including the revenue streams, costs, and management responsibilities for each segment.