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Al Bev Cal Piano $1,800 $1,500 $1,650 Car 2,600 2,400 2,000 Boat 1,000 800 1,200 Cottage 12,000 13,000 10,000 Cash 30,000 30,000 30,000 Total of
Al Bev Cal Piano $1,800 $1,500 $1,650 Car 2,600 2,400 2,000 Boat 1,000 800 1,200 Cottage 12,000 13,000 10,000 Cash 30,000 30,000 30,000 Total of bids 47,400 47,700 44,850 Fair dollar share (1/3 of total of 15,800 15,900 14,950 bids) Object(s) received Car, Cottage Boat piano Value of object(s) 4,400 13,000 1,200 Money you owe/are owed (Fair 11,400 2,900 13,750 dollar share - value of objects) Share of surplus (1/3 each) 650 650 650 Final Settlement (object(s) Car, Cottage Boat and/or cash) piano and and and $3,550 $14,400 $12,050New scenario: Al and Bev each increase their lower bids so that there is only a $50 difference between them (see new chart below). Re-compute the final settlements by filling in the chart below. Round amounts to the nearest dollar if necessary. Al Bev Cal Piano $1,800 $1,750 $1,650 Car 2,600 2,550 2,000 Boat 1,000 950 1,200 Cottage 12,950 13,000 10,000 Cash 30,000 30,000 30,000 Total of bids Fair dollar share Object(s) received Value of object(s) Money you owe/are owed (fair dollar share - value of objects) Share of Surplus Final Settlement (object(s) and/or cash) Cash value of final settlement Don't forget to show your calculations for the surplus. Explain in a few complete sentences: How is the final settlement for each person affected? (Compare to original settlement.)
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