1

P Q Total
Salaries 80000 100000 180000
Bonus 21600 43200 64800
Interest 9800 16800 26600
Remainder 53160 35440 88600
Total 164560 195440 360000

2
P Q Total
Salaries 80000 100000 180000
Bonus 14400 28800 43200
Interest 9800 16800 26600
Remainder -4900 -4900 -9800
Total 99300 140700 240000

3
P Q Total
Salaries 80000 100000 180000
Bonus
Interest 9800 16800 26600
Remainder -123300 -123300 -246600
Total -33500 -6500 -40000
Olsen Katch
Capital Months unchanged Average Capital Capital Months unchanged Average Capital
1-Jan 20000 3 60000 Jan-01 40000 2 80000
1-Apr 25000 6 150000 Mar-01 30000 6 180000
Oct-01 30000 3 90000 Sep-01 20000 2 40000
300000 Nov-01 30000 2 60000
12 360000
25000 12
30000
1
Olsen Katch Total
Salaries 48000 36000 84000
Interest 2000 2400 4400
Bonus 10000 10000
Remainder -8040 -5360 -13400
Total 41960 43040 85000

2
Olsen Katch Total
Salaries 48000 36000 84000
Interest 2000 2400 4400
Bonus 10000 10000
Remainder 39960 26640 66600
Total 89960 75040 165000
Average Capital