Answer:
B. is able to accumulate tax-free interest earnings on cash values.
Explanation: whole life insurance policy also known as permanent life insurance,is an insurance policy where people who buy the policy are deferred from paying tax,this policy ensure that you pay the same amount of premium throughout the policy,it is a policy that is not termed and it doesn't expire it can last up to 120years.
Answer:
the journal entry to record warranty expense is:
Dr Warranty expense 30,000
Cr Warranty liability 30,000
the journal entry to record actual expenses related to product warranties:
Dr Warranty liability 10,000
Cr Cash (or inventory, or wages payable) 10,000
Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.
Answer:
Project Manager
Explanation:
Project Manager may be defined as the professional or the personnel in the field of the project management. The responsibility of the project management is to create plans and strategies and execute them to achieve their goals of completing a project under them. The coordination and interaction with the team members is very crucial in project management.
