Particulars regarding the monthly wages paid to employees of two services organizations x and y are as follows: (7 marks) organization x organization y no of employees 550 650 average monthly wage rs.5000 rs.4500 variance of distribution 900 1600 i) which organization pays a larger amount as wage? Ii) find the combined mean and variance of wages of two organizations.
Answers
A & B were partners sharing profits and losses in the ratio 3 : 2 and C & D were partners sharing profits and losses equally. Following were their Balance Sheets.The two firms amalgamated on the following terms: Mr. B agreed to pay Mrs. B’s Loan and Mr. D agreed to pay Mrs. D’s Loan, Outstanding salary was paid in full by the respective firms, Creditors of both the firms were taken by the new form at a discount of 5%, Machinery is subject to 5% depreciation of both the firms, Furniture of A & B was not taken over by the new firm. Furniture of C & D was sold in the market for Rs. 8,000, Fixtures were not taken over by the new firm, Stock of A & B was valued at Rs. 22,100 and Stock of C & D was valued at Rs. 21,000. Prepare Revaluation account and Partner’s Capital accounts in the books of both the firms and show the Balance Sheet of new firm after amalgamation.