Use the lone divider method to solve the following problem. 5. There are 3 investors dividing land worth $800,000. Each investor's value in thousands for each of the three pieces of the land is shown in the table. James is the divider. Which piece does each person receive and do they receive a fair share using the lone divider method? Piece 1 Piece 2 Piece 3 Piece 4 Kathy James (Divider) Simone Marcus 150 200 170 280 200 280 325 200 150 100 200 120 200 250 75 300

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The partnership of Arun, Margot, and Tammy has been doing well. Arun wants to retire and move to another state for a once-in-a-lifetime opportunity. The partners' capital banaces prior to Arun's retirement are $60,000 each. Prepare a schedule showing how Arun's withdrawal should be divided assuming his buyout is: A. $70,000 B. $45,000 C. $60,000

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Required information Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. [The following information applies to the questions displayed below.] ** Ramer and Knox began a partnership by investing $68,000 and $102,000, respectively. During its first year, the partnership earned $205,000. Prepare calculations showing how the $205,000 income is allocated under each separate plan for sharing Income and loss. Important Notel Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. 1. The partners did not agree on a plan, and therefore share Income equally Ramer Knox Show Transcribed Text

Bruce, Michael, Wendy, and Scott are heirs in an estate that contains a painting, a car, and $10,000 cash. Their bids are listed below. Fill in the chart below and please show all calculations where possible. Painting Car $10,000 cash Sum of bids Fair Share , Assigned objects Value of objects 2 Cash you owe/are B SURPLUS Share of surplus 5 Final Settlement--items 5 Bruce $2,000 Michael Wendy $1,000 $3,000 $800 $1,000 $10,000 $10,000 $800 $10,000 Scott $2,000 $1,200 $10,000 estate SURPLUS