Tom, Dick, and Harry Each Receive a $10,000 Salary, as Well

question 103

Essay

Tom, Dick, and Harry each receive a $10,000 salary, as well as 10 percent interest on their respective average investments of $60,000, $100,000, and $20,000. If they share remaining income and losses in a 2:1:3 ratio, respectively, by how much would Dick's account increase or decrease (indicate a decrease by placing parentheses around the amount), assuming (a) net income of $72,000, (b) net income of $36,000, and (c) net loss of $36,000.

---

Definitions:

Cylinders

Three-dimensional geometric shapes with straight parallel sides and a circular or oval cross-section.

Drill Bits

Tools made of hard material, often high-speed steel or carbide, used to create cylindrical holes.

Chamfering

The process of creating a beveled edge at the intersection of two surfaces to remove sharp edges for safety, aesthetics, or part assembly.

Groove

A long, narrow cut or depression in a hard material, often used to fit another component or allow the passage of fluids.