Mr. Bartletts will specified that, upon liquidation of any asset, the proceeds be divided among his wife,

Question:

Mr. Bartlett’s will specified that, upon of any asset, the proceeds be divided among his wife, his son, and his sister in the ratio of 7 : 5 : 3.
a. If the son received $9500 from the sale of securities, what amounts did Bartlett’s wife and sister receive?
b. Whatamountwouldthesisterreceivefromthesaleofthedeceased’sboatfor $27,000?
Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....