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Four friends {Joe , Tim , Sam , and Ron } have decided to divide up a multi-flavored cake which was jointly purchased for $24 . The cake is divided into four pieces { s1 , s2 , s3 , and s4 } . The following table gives the dollar value of each of the slices according to e3ach of the four friends .
Which of the four slices are considered fair shares according to Ron?
-Based on the above scenario , find a different fair division (different from problem 4) of the cake using as fair shares. If no other fair division is possible, explain why.
Cash Over and Short
An account that records discrepancies between actual cash received and the expected amount, reflecting errors or theft.
Petty Cash Fund
A small amount of cash kept on hand for making immediate payments for miscellaneous, small expenses.
Expense Accounts
Categories within financial accounting where expenses are recorded and tracked.
Outstanding Check
A check that has been written and recorded in the issuer's accounting records but has not yet been cashed or cleared by the bank.
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