CAT Questions

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The given word HAPPYHOLI has 9 letters

These 9 letters can e arranged in 9! ways.

But here in the given word letters H & P are repeated twice each

Therefore, Number of ways these 9 letters can be arranged is 

9!2! x 2! = 9 x 8 x 7 x 6 x 5 x 4 x 32 = 90,720 ways.

Capital expenditures are capitalized because of the timing of their estimated benefits – the lemonade stand will benefit the firm for many years. The employees’ work, on the other hand, benefits the period in which the wages are generated only and should be expensed then. This is what differentiates an asset from an expense.

SIP is Systematic Investment Plan.

The standard English sentence order is Subject-Verb-Object.

For example ::

In the sentence, Why did you (S) do (V) that (O)?

The financial statements should be prepared in the following order:

Income statement - Statement of retained earnings - Balance sheet

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.

The Declaration of Independence express Legal rights of citizens.