Funeral Expenses. An executor does not necessarily take on financial responsibility for the decedentâs funeral arrangements. When he acts in his capacity as executor, he is making financial decisions for the decedentâs estate, and the decedentâs funeral arrangements become a debt of the estate.
By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are special issues of the United States Treasury. Such securities are available only to the trust funds.
Managing Warranty Reserves: Initial Funding Only.  Warranty reserves are funds set aside to cover the future warranty. liabilities arising from all the sales during the product life cycle.  = continuous interest rate on the warranty reserves.  (x) = the probability that the warranty reserve is never depleted. given that the initial reserve is xdollars.