Match the retirement account with the correct description. You need to match each number with a letter.

Question 1 options:

A. Tax-deferred for employees of non-profit institutions. An employer may match contributions.

B. IRA account with tax-deductible contributions. No income limits for participation.

C. Tax-deferred for employees of for-profit institutions. An employer may match contributions.

D. Earnings are exempt from tax. Set up individually by you. Income limits for participation.

E. Not taxable if it is your only source of income. Money is deducted through payroll taxes. It is a social program.

1. 401(k)

2. 403(b)

3. Roth IRA

4. Traditional IRA

5. Social Security

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g