Solution-Find the value of each player fair share

Find the value of each player fair share

Assignment Help Mathematics

Reference no: EM13912210

1. Adam, Bob and Chad are dividing an estate consisting of a house, a small farm and a painting using the method of sealed bids. Their bids on each of the items are given in the following table:

	Adam	Bob	Chad
House	$145,000	$125,000	$178,500
Farm	$450,000	$435,000	$414,000
Painting	$35,000	$55,000	$51,000

a. Find the value of each player's fair share.

b. Describe the first settlement (who gets which item and how much do they owe the estate).

c. Find the surplus after the first settlement is over.

d. Describe the final settlement.

2. Four players (A, B, C, and D) agree to divide the 16 items shown below by lining them up in order and using the method of markers. The players' bids are as indicated.

a) Which items go to A?

b) Which items go to B?

c) Which items go to C?

d) Which items go to D?

e) Which items are left over?

Reference no: EM13912210

Questions Cloud

List a test of control to test its effectiveness : Is the custody of checks after signature and before mailing handled by an employee independent of all payable, disbursing, cash, and general ledger functions?

Financial statement : In 2016, Long Construction Corporation began construction work under a three-year contract. The contract price is $2,100,000. Long recognizes revenue over time according to percentage of completion for financial reporting purposes. The financial stat..

Trace a recursive method : A method can be directly or indirectly recursive and we will explore the differences. Please respond to all of the following prompts:1• Discuss how any why would you trace a recursive method?2• What are recursive definitions?

Calculate cash available upon liquidation of business : Calculate cash available upon liquidation of business. Kimber Co. is in the process of liquidating and going out of business.

Find the value of each player fair share : Adam, Bob and Chad are dividing an estate consisting of a house, a small farm and a painting using the method of sealed bids. Find the value of each player's fair share. Describe the first settlement (who gets which item and how much do they owe the ..

Will this change the nature of how an audit is done : Will the added layer of requiring the CEO and CFO to certify the work of the auditing committee helps to bring back the balance that was lost by commingling accounting practices and auditing practices?

Construct percent frequency bar chart for auto market shares : The National Automobile Dealers Association (NADA) publishes AutoExec magazine. Construct a percent frequency bar chart and a percentage pie chart for the 2005 auto market shares.

Determine teris monthly salary and commission rate per unit : During a year, Teri's monthly sales compensation ranged between $12,000 and $16,000 per month and units sold ranged between 1,600 and 2,400 units for those same months.

Transportation purchased three used buses : In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected

User Account

All Pages

Find the value of each player fair share

Reference no: EM13912210

Reference no: EM13912210

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT