A grandmother leaves all of her assets to a charity except three items. She leaves her house, a car, and a diamond ring to her 3 grandchildren. Divide up the assets using the Sealed Bids method. Each grandchild honestly and independently places the following bids in thousands of dollars. How much does each grandchild receive in the final settlement? Grandchild 1 Grandchild 2 Grandchild 3 House 150 170 125 Car 6. 8 10 Ring 3 3 a. Grandchild 1 receives $53,000 Grandchild 2 receives house and ring and pays $114,000 Grandchild 3 receives the car and receives $46,000 b. Grandchild 1 receives $61,333.33 Grandchild 2 receives house and pays $105.666.67 Grandchild 3 receives the car and receives $44,333.33 c. Grandchild 1 receives $61,333.33 Grandchild 2 receives house and ring and pays $105.666.67 Grandchild 3 receives the car and receives $44,333.33 X d. Grandchild 1 receives the ring and receives $61,333.33 Grandchild 2 receives house and pays $114,000 Grandchild 3 receives the car and receives $44,333.33

A grandmother leaves all of her assets to a charity except three items. She leaves her house, a car, and a diamond ring to her 3 grandchildren. Divide up the assets using the Sealed Bids method. Each grandchild honestly and independently places the following bids in thousands of dollars. How much does each grandchild receive in the final settlement? Grandchild 1 Grandchild 2 Grandchild 3 House 150 170 125 Car 6. 8 10 Ring 3 3 a. Grandchild 1 receives $53,000 Grandchild 2 receives house and ring and pays $114,000 Grandchild 3 receives the car and receives $46,000 b. Grandchild 1 receives $61,333.33 Grandchild 2 receives house and pays $105.666.67 Grandchild 3 receives the car and receives $44,333.33 c. Grandchild 1 receives $61,333.33 Grandchild 2 receives house and ring and pays $105.666.67 Grandchild 3 receives the car and receives $44,333.33 X d. Grandchild 1 receives the ring and receives $61,333.33 Grandchild 2 receives house and pays $114,000 Grandchild 3 receives the car and receives $44,333.33

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter15: Preserving Your Estate

Section: Chapter Questions

Problem 6FPE

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A grandmother leaves all of her assets to a charity except three items. She leaves her house, a car, and a diamond ring to her 3 grandchildren. Divide up the assets using the Sealed Bids method. Each grandchild honestly and independently places the following bids in thousands of dollars. How much does each grandchild receive in the final settlement? Grandchild 1 Grandchild 2 Grandchild 3 House 160 171 127 Car 9. 10 Ring 6. 4 Grandchild 1 receives $112,000 Grandchild 2 receives house and ring and pays $230,000 a Grandchild 3 receives the car and receives $74,000 Grandchild 1 receives $126,666.67 Grandchild 2 receives house and receives 215,333.33 Grandchild 3 receives the car and receives $74,000 Grandchild 1 receives the ring and receives $120,000 Grandchild 2 receives house and pays 222,000 Grandchild 3 receives the car and receives $82,000 Grandchild 1 receives $126,666.67 Grandchild 2 receives house and ring and pays $215,333.33 Grandchild 3 receives the car and receives $88,666.67…
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