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(1 point) Use Knaster's Method of Sealed Bids to determine the compensation. The people and items involved are given in this table. Items Ann Leslie

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(1 point) Use Knaster's Method of Sealed Bids to determine the compensation. The people and items involved are given in this table. Items Ann Leslie Ron mountain bike $3,150.00 $9,930.00 $9,060.00 car $9,510.00 $4,950.00 $7,230.00 hooptie $1,380.00 $10,410.00 $6,750.00 road bike $4,110.00 $8,580.00 $1,800.00 Throughout this problem, round answers to two decimal places (cents). To fill in the first answer table, - Find each person's total bid on all items. - Compute each person's fair share. - Determine which items each person won. Record your answers in the checkboxes below the table. -Determine how much value each person got from the items they won. -Determine the first settlements (cashflows). How much does each person get or pay in cash? On these online homework sets, put a positive number if the person gets cash, and put a negative number if the person pays. For example, if Ann needs to pay 67.89, then type -67.89 as the first settlement for Ann. Person Total Bids Fair shares Items Won Value of Items Won First Settlement Ann See below Leslie See below Ron See below Select ALL items that Ann won: A. mountain bike B. car C. hooptie OD. road bike E. None Select ALL iter that Leslie won: A. mountain bike B. car C. hooptie D. road bike E. None Select ALL items that Leslie won: A. mountain bike B. car OC. hooptie D. road bike E. None Select ALL items that Ron won: A. mountain bike B. car C. hooptie OD. road bike E. None What is the surplus? Once you have the surplus, - Determine how much each person gets from the surplus. Compute each person's final settlement (how much they get or pay in cash after the surplus is given to everyone). - Compute everyone's compensation. Person From surplus Final settlement Compensation Ann Leslie Ron

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