Ann, Bob, Carol, and Denis own a candy store. After a large argument, they decide to dissolve their partnership using the sealed bid method. Ann bids $320,000 for the store, Bob bids $440,000 for it, Carol bids $240,000 for it, and Denis bids $400,000 for it. Required:
a. What is Bob's fair share?
b. What is Carol's fair share?
c. What is Denis's fair share?

Following are the solution to the given points:

Step-by-step explanation:

Each player's offer divided by the total number of players calculates the fair share

Ann's fair share

Bob's fair share

 Carol's fair share

Denis's fair share

 Because Bob has the highest bid, that receives in the business.

Payments:

 Ann paid by estate

 Bob owes estate

 Carol paid by estate

 Denis paid by estate  

Surplus  

Splitting the equally among the four players. therefore one of the each receives:

The final settlement of the Ann receives:

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Step-by-step explanation: