Anya, Bil, and Carrie are dividing the contents of an abandoned storage locker with three items via the Method of Sealed Bids. Their bids on a Dresser, a crystal Egg, and a Futon are given in the table below.                Anya. Bil. Carrie Dresser. $350. $400. $380 Egg.     $180 $140 $150 Futon.    $40. $75. $70

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter3: Internal Control Issues
Section3.2: Howard Street Jewelers, Inc.
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Anya, Bil, and Carrie are dividing the contents of an abandoned storage locker with three items via the Method of Sealed Bids. Their bids on a Dresser, a crystal Egg, and a Futon are given in the table below.

               Anya. Bil. Carrie

Dresser. $350. $400. $380

Egg.     $180 $140 $150

Futon.    $40. $75. $70

Who will get the Futon?

After the initial allocation, but before the kitty is split, what does Anya have?

At the end of the process, after the kitty is split between the three of them, what does Bil have in net?  (Rounded to the nearest whole dollar.)

When using the method of sealed bids, which of the following statements is true about the final allocation?

 
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