Question
You will need to purchase a single serving bag of M&Ms to complete this assignment. You may substitute Skittles or another multi-colored candy. Please note
You will need to purchase a single serving bag of M&Ms to complete this assignment. You may substitute Skittles or another multi-colored candy. Please note on this paper if you used a substitute and properly label the colors available to you.
1. Sort and count your M&Ms by color
- Red 2
- Blue 5
- Yellow 2
- Brown 3
- Green 5
- Orange 7
2. Write the short Accounting Equation in the space below:
Assume Red are Assets and Blue are Liabilities.
- Calculate your Equity?
3. Write the short Accounting Equation in the space below:
Assume Yellow are Liabilities and Green is Equity.
- Calculate your Assets?
4. Write the FULL Accounting Equation in the space below:
Assume Brown is Revenue, Orange is Expense.
- Calculate your Net Income?
5. Write the FULL Accounting Equation in the space below:
Assume Yellow are Assets, Brown is Liabilities, Red is Capital, Green is Withdrawals, Orange is Revenue.
- Calculate your Expenses?
6. What does it mean to maximize shareholder wealth? Using as many colors as possible, set the M&M colors to maximize shareholder wealth. Tell me what each color represents to keep the accounting equation in balance.
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