Sam and Omar have cohabitated for the last 3 years, during which time they share

Question

Sam and Omar have cohabitated for the last 3 years, during which time they shared the expense of purchasing several items for their home. Sam nas accepte job in another city, and now they find themselves needing to divide their shared assets. Each records their value of each item, as shown below. Determine the final allocation with the Sealed Bids Method Sam Couch TV Video game system Omar $144 $188 S228 513 Sam Omar Total value of all issues Fair share Total value of issues awarded Amount they paylget Amount they get in surplus After surplus

Explanation / Answer

Amount they pay/get

(Fair Share - Value of award)

+$10

(gets)

-$87

(pays)

($77 / 2 = $38.5each)

back to players

+$48.5

(gets)

-$48.5

(pays)

Couch

Video game system

SAM gets the TV and $48.5 in cash.

OMAR gets the Couch and Video game system but pays $48.5 in cash.

SAM OMAR who gets it Couch $99 $144 OMAR TV $228 $188 SAM Video game system $149 $218 OMAR Total value of all issue $476 $550 (sum of the bids) fair share $238 $275 (total / number of person) Total value of issue awarded $228 $362

Amount they pay/get

(Fair Share - Value of award)

+$10

(gets)

-$87

(pays)

= -$77(neg means it goes to the estate money pot) Amount they get in surplus from estate money pot +$38.5 +$38.5

($77 / 2 = $38.5each)

back to players

Amount after surplus

+$48.5

(gets)

-$48.5

(pays)

= $0 amount left in money pot Items they gets TV

Couch

Video game system

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.