Use the lone divider method to solve the following problem. 5. There are 3 investors dividing land worth $800,000. Each investor's value in thousands for each of the three pieces of the land is shown in the table. James is the divider. Which piece does each person receive and do they receive a fair share using the lone divider method? Piece 1 Piece 2 Piece 3 Piece 4 Kathy James (Divider) Simone Marcus 150 200 170 280 200 280 325 200 150 100 200 120 200 250 75 300

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
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Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
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Use the lone divider method to solve the following problem.
5. There are 3 investors dividing land worth $800,000. Each investor's value in thousands
for each of the three pieces of the land is shown in the table. James is the divider. Which
piece does each person receive and do they receive a fair share using the lone divider
method?
Piece 1
Piece 2
Piece 3
Piece 4
Kathy
James (Divider)
150
200
170
280
200
280
200
200
200
Simone
150
120
250
Marcus
325
100
300
75
Transcribed Image Text:Use the lone divider method to solve the following problem. 5. There are 3 investors dividing land worth $800,000. Each investor's value in thousands for each of the three pieces of the land is shown in the table. James is the divider. Which piece does each person receive and do they receive a fair share using the lone divider method? Piece 1 Piece 2 Piece 3 Piece 4 Kathy James (Divider) 150 200 170 280 200 280 200 200 200 Simone 150 120 250 Marcus 325 100 300 75
a.) Which pieces for Kathy and Simone do they consider their fair share?
Kathy:
Simone:
Marcus:
| Show your work or explain your reasoning here:
b.) What piece does each person receive?
Kathy:
Simone:
James:
Marcus:
| Show your work or explain your reasoning here:
c.) Do they receive a fair share? Who receives a fair share?
Transcribed Image Text:a.) Which pieces for Kathy and Simone do they consider their fair share? Kathy: Simone: Marcus: | Show your work or explain your reasoning here: b.) What piece does each person receive? Kathy: Simone: James: Marcus: | Show your work or explain your reasoning here: c.) Do they receive a fair share? Who receives a fair share?
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