Use the Equitability Method to determine the compensation. The people and items involved are given in...
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Use the Equitability Method to determine the compensation. The people and items involved are given in this table. Items House Farm Painting Tabby Abby Gabby $152,000.00 $149,000.00 $154,000.00 $450,000.00 $480,000.00 $510,000.00 $54,000.00 $57,000.00 $60,000,00 - Find each person's total bid on all items. - Compute each person's fair share. - Determine which items each person won. -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? What is the surplus? Once you have the surplus, -Determine how much each person gets from the surplus (their second settlement). - 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. Use the Equitability Method to determine the compensation. The people and items involved are given in this table. Items House Farm Painting Tabby Abby Gabby $152,000.00 $149,000.00 $154,000.00 $450,000.00 $480,000.00 $510,000.00 $54,000.00 $57,000.00 $60,000,00 - Find each person's total bid on all items. - Compute each person's fair share. - Determine which items each person won. -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? What is the surplus? Once you have the surplus, -Determine how much each person gets from the surplus (their second settlement). - 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.
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Answer rating: 100% (QA)
Calculate the surplus Total value of all items 152000 450000 54000 149000 480000 57000 154000 510000 ... View the full answer
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
Posted Date:
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