If ,a calendar-year corporation, opened for business on July 1 of the current year, abc incurred $12,000 of organizational costs then option b. $5,000.
What is this ?According to the Internal Revenue Service (IRS), the maximum cost of organizing a corporation that can be deducted as an expense in the first year of operation is $5,000.
It applies to firms that opened for business after October 22, 2004, and is adjusted for inflation annually.
Because ABC opened for business on July 1, it can deduct half of the $12,000 in organizational expenditures in the current year.
The correct answer is $5,000. Therefore, option (B) is correct.
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According to the Network Academy and the discussion in class, use your own words and define the concept of Firewalls and explain the differences between a packet-filtering firewall and a stateful firewall. Make sure you highlight the major differences.
While both packet-filtering and stateful firewalls serve the purpose of network security, stateful firewalls offer enhanced security features by maintaining awareness of connection states.
Firewalls are security devices or software applications that act as a barrier between a trusted internal network (such as a corporate network) and an untrusted external network (such as the internet). Their primary function is to monitor and control incoming and outgoing network traffic based on predetermined security rules.
Packet-filtering firewalls, also known as traditional or basic firewalls, examine individual network packets based on specific criteria such as source and destination IP addresses, port numbers, and protocols. They make filtering decisions at the network and transport layers of the OSI model. Packet-filtering firewalls assess each packet in isolation and do not maintain awareness of the connection state or context.
Stateful firewalls, on the other hand, provide advanced security features by maintaining knowledge of the connection state. They keep track of the state of network connections and the context of the traffic flowing through them. Stateful firewalls can understand if a packet is part of an established connection, a new connection attempt, or a response to an existing connection. This additional awareness allows stateful firewalls to make more intelligent filtering decisions based on the connection's state, enhancing security and reducing the risk of unauthorized access.
The major differences between packet-filtering firewalls and stateful firewalls can be summarized as follows: Filtering Criteria: Packet-filtering firewalls filter packets based on static criteria such as source/destination IP addresses, port numbers, and protocols. Stateful firewalls, in addition to these criteria, maintain information about connection states, allowing them to filter based on the context of the traffic. Connection Awareness: Packet-filtering firewalls assess each packet individually without knowledge of the connection state. Stateful firewalls maintain knowledge of the connection state, enabling them to apply filtering decisions based on the overall connection context.
Security Features: Stateful firewalls provide advanced security features like session tracking, Network Address Translation (NAT), and intrusion detection/prevention systems (IDS/IPS). Packet-filtering firewalls, being more basic, offer limited security features compared to their stateful counterparts.
Efficiency: Packet-filtering firewalls generally have lower computational overhead since they make filtering decisions based on individual packets. Stateful firewalls, with their connection tracking and context-awareness capabilities, may introduce some performance overhead due to the additional processing required for maintaining connection states.
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How do you overcome barriers to communication?
To overcome barriers, there are many steps such as:
First, we need to Identify and understand the barriers.
Speak clearly and concisely, using simple language that is easy to understand.
Use facial expressions and gestures, to increase your verbal communication.
Ask questions to confirm that you have understood the message correctly, and provide feedback to ensure that the other person has understood your message.
These steps will help you to become a more social person and let you overcome your barriers.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Find the following critical values: 1. Z_0.03
2. Z_0.005
The critical values Z_0.03 and Z_0.005, can be found using a standard normal distribution table (Z-table) which are -1.88 and -2.575 respectively . The Z-table provides the area under the standard normal curve to the left of a given Z-score. The area to the left represents the cumulative probability.
Explanation:
1. To find the critical value Z_0.03, you need to look for the value in the Z-table that is closest to 0.03 in the body of the table. The row and column corresponding to that value will give you the Z-score. In this case, the closest value to 0.03 is 0.0294, which corresponds to a Z-score of -1.88. So, the critical value Z_0.03 is -1.88.
2. To find the critical value Z_0.005, you need to look for the value in the Z-table that is closest to 0.005 in the body of the table. The row and column corresponding to that value will give you the Z-score. In this case, the closest value to 0.005 is 0.0049, which corresponds to a Z-score of -2.575. So, the critical value Z_0.005 is -2.575.
In summary, the critical values are Z_0.03 = -1.88 and Z_0.005 = -2.575.
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write the different profession and human resources related to engineering and explain any two of them
Answer:
The professions related to engineering includes
Mechanical engineering
Biomedical engineering
Electronics engineering
Chemical (process) engineering
Petroleum engineering
Materials engineering
Human resources related to engineering includes
Welders
Mechanics
Plumbers
Electricians
Fitters
Carpenters
Brick layers
Operators
Machinist
Explanation:
Mechanical engineering profession
Mechanical engineering profession focuses on the branch of engineering that is related to designing, construction, and implementation of machine that provides energy, force or motion, in industry, homes, school, or office to meet the needs of the society
Welder
A welder is a person that regularly makes use of equipment meant for welding to create acceptable quality welds
The overriding aim in building a management team should be to: A. select people who are committed to decentralizing decision making and empowering employees. B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution. C. choose managers experienced in controlling costs and flattening the organization structure. D. select people who have similar management styles, leadership approaches, business philosophies, and personalities. E. choose managers who believe in having a strong corporate culture and deeply ingrained core values.
Answer:
B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution.
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.
This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
Generally, the overriding aim in building a management team is to assemble a critical mass of talented managers who are able to typically function as agents of change while furthering the cause of first-rate strategy execution for the growth and development of a business firm or organization.
what is the study of business
Explanation:
The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day
Explanation:
business studies is an academic subjects taught in many schools and higher education institutions in the world .
If you are looking for a larger, less personal, bank that handles businesses and corporations instead of individual accounts, you would need to choose which of the following?
The brokerage firm is the one that handles businesses and corporations instead of individual accounts. Brokerage companies serve as a conduit for their clients' transactions with the stock market.
On behalf of their clients, they mostly buy and sell financial instruments, including stocks. brokerage firm combine their resources to assist their clients in negotiating the rules of the stock market. The ideal illustration of a brokerage company is the online investment platform Robinhood. It makes it easier to trade a variety of the businesses securities, including derivatives and stocks. When clients bought shares of stocks on margin, brokers would get the interest.
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kasson company has budgeted units to be produced for the next five months as follows: budgeted units to be produced june 15,000 july 12,000 august 22,000 september 11,000 october 18,000 kasson company used the following information in creating its master budget for the year: 1. ending direct materials inventory for each month should be equal to 140% of the next month's production needs. 2. each unit produced requires 2.5 pounds of direct materials. 3. direct materials are purchased for $2.30 per pound. calculate the cost of direct materials budgeted to be purchased in june.
To calculate the cost of direct materials budgeted to be purchased in June, we need to first determine the production needs for July, which is 12,000 units. Therefore, the cost of direct materials budgeted to be purchased in June is $47,610.
According to the information provided, the ending direct materials inventory for June should be equal to 140% of July's production needs, which is 16,800 pounds (12,000 x 140%).
Next, we need to determine the total pounds of direct materials needed for the production of 15,000 units in June. Each unit produced requires 2.5 pounds of direct materials, so 15,000 units will require a total of 37,500 pounds (15,000 x 2.5).
To determine the total pounds of direct materials budgeted to be purchased in June, we need to subtract the ending direct materials inventory for June (16,800 pounds) from the total direct materials needed for June's production (37,500 pounds).
37,500 pounds - 16,800 pounds = 20,700 pounds of direct materials budgeted to be purchased in June.
Finally, we need to multiply the total pounds of direct materials budgeted to be purchased in June (20,700 pounds) by the cost per pound of direct materials ($2.30).
20,700 pounds x $2.30 per pound = $47,610 budgeted cost of direct materials to be purchased in June.
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Which area is particularly challenging when recruiting workers for small businesses?.
The area that is particularly challenging when recruiting workers for small businesses is compensation.
What is compensation?It should be noted that compensation simply means how much they workers will be paid as how to motivate them.
In this case, the area that is particularly challenging when recruiting workers for small businesses is compensation.
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who here from K12? (sorry for asking this question)
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
who among the following benefits the most from rent control?
Rent control is a government policy that sets limits on the amount of rent landlords can charge for their rental properties.
While this policy is intended to protect tenants from excessive rent increases, it can also have unintended consequences. In general, tenants who are already living in rent-controlled units benefit the most from rent control policies. This is because they are protected from sudden and significant rent increases, which can help them maintain affordable housing in high-cost areas. However, new tenants who are seeking to rent a unit may face difficulties finding available units due to rent control policies, as landlords may be less likely to offer units for rent at a reduced rate. Landlords, on the other hand, do not typically benefit from rent control policies. They may be forced to keep rents artificially low, which can limit their ability to maintain and improve their properties or cover their own expenses. Additionally, landlords may be less incentivized to offer units for rent in areas with rent control policies, which can lead to reduced supply and increased demand for available units, driving up prices in the long run. In summary, rent control policies may benefit existing tenants by protecting them from sudden rent increases, but they may also have negative consequences for landlords and new tenants seeking housing.
who among the following benefits the most from rent control?
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4. Determine the importance of environment conservation from the business viewpoint
Answer:
Economic expansion is not what is causing the climate crisis; rather, the lack of effective public policy meant to lower greenhouse gas emissions is to blame. As long as regulations are in place to limit the environmental effects of the goods and services we produce and use, there is no conflict between capitalism and environmental protection. With those regulations in place, consideration for environmental sustainability can and will be factored into every decision made by the private, nonprofit, and governmental organizations from which we all benefit.
The sustainability of the environment is not affected in the same way by all consumption patterns. The emergence of more sustainable lifestyles can be seen in consumption trends. Young Americans, for instance, don't seem as interested in buying cars as their parents and older siblings did. The advancement of the mobile phone has made ride-sharing, bike-sharing, and other transit options possible.
However, taking an Uber or driving your own car are both considered economic activities for the purposes of calculating GDP. These consumption patterns are typically not the subject of policymaking because they are quite influenced by shifting social norms than by governmental action. The only exceptions might be behavior that directly harms other people, like drinking and driving or smoking in public. New technologies can also lessen the impact of consumption on the environment.
Ironically, some environmentalists and some deniers of global warming share the view that environmental protection and economic growth must be compromised. Both can and must be done. Because most people in the developed world enjoy their way of life and won't give it up, we cannot stop investing in economic development. Environmental advocates will fail politically if they make such a request.
Explanation:
Political and business leaders may not care if economic growth harms the environment, and environmentalists may disagree, contending that neither economic growth nor environmental harm can coexist.
Even by itself, environmental protection promotes economic expansion. The air pollution control technologies we install on power plants and automobiles are made and sold by a third party. Additionally, environmental amenities are valuable.
the international monetary fund receives its funds from _____.
The International Monetary Fund (IMF) receives its funds primarily from member country quotas and borrowing arrangements. Member countries contribute funds based on their economic size and financial capacity, and the IMF can also borrow funds from member countries and other sources. Additionally, the IMF earns income from investments and charges interest on its loans.
The International Monetary Fund (IMF) is an international organization that provides financial assistance and promotes global monetary cooperation. It receives its funds from various sources:
member country quotas: Member countries contribute funds to the IMF based on their economic size and financial capacity. These contributions are known as quotas and determine the voting power and access to financial assistance within the IMF. Quota subscriptions form the core resources of the IMF.borrowing arrangements: The IMF can borrow funds from member countries, other international organizations, and financial markets to supplement its resources and provide financial assistance to member countries in need.investments: The IMF also earns income from investments.Interest on Loans: The IMF charges interest on the loans it provides to member countries.Learn more:About International Monetary Fund here:
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Which of the following is most likely to be a reason for ineffective international business negotiations a)differences in cultural values and problem-solving techniques b) lack of socializing with the opposite party c)lack of nonverbal communication d) highly restrictive government legislations
The most likely reason for ineffective international business negotiations is A) differences in cultural values and problem-solving techniques.
When engaging in international business negotiations, cultural differences can significantly impact the effectiveness of communication and problem-solving. Different cultures have distinct values, norms, communication styles, and approaches to conflict resolution. These differences can lead to misunderstandings, misinterpretations, and a lack of trust between parties. Effective cross-cultural communication and understanding are essential for successful negotiations. By recognizing and adapting to cultural differences, negotiators can build rapport, establish common ground, and find mutually beneficial solutions. The other options listed (lack of socializing,
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Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using _____________ language.
Diagnostic
People-first
Inappropriate
Boundary-safe
Answer:
People-first
Explanation:
People-first language is a form of linguistic medication style involving a speaker putting a person before describing the actual diagnosis, that is, what a person "has" rather than asserting what a person "is."
For example, “a man walks with crutches” rather than” he is disabled.” Person-first language tends to be positive and promotes abilities rather than limitations.
Hence, in this case, Referring to an individual as “a person with schizophrenia,” as opposed to “a schizophrenic,” is an example using PEOPLE-FIRST Language.
The average of a firm's cost of equity and after-tax cost of debt that is weighted based on the firm's capital structure is called the?
The term "weighted average cost of capital" refers to the weighted average of a firm's cost of equity and after-tax cost of debt.
What is the alternative term for weighted average capital cost? Why is cost of capital important?The amount that a business is anticipated to charge on average to all of the holders of its securities in order to fund its assets is known as the weighted average cost of capital (WACC). The firm's cost of capital is a popular name for the WACC.
The return a business must achieve to cover the cost of a capital project, such purchasing new machinery or constructing a new structure, is known as the cost of capital. The costs of both equity and debt are included in the cost of capital, depending on the company's chosen or existing capital structure.
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Beauty and the bistro, inc. Had $500 of supplies on its balance at the end of its 1st year of business. It purchased $5,000 of supplies during the 2nd year. At the end of the 2nd year, it had $800 of supplies on hand. What is the amount of supplies expense on the income statement?.
The amount of supplies expense on the income statement= $4,700
It started with $500 and purchased $5,000 but only has $800 of supplies left, thus it used $4,700. The amount used is Supplies Expense and is recorded as an adjusting entry with a debit to Supplies Expense (+E,-SE) and credit to Supplies (-A) for $4,700. The Supplies balance on the balance sheet equals $800 (the supplies left).
A supplier is a person, business, or other entity that sells or provides clients with goods or equipment.A supplier in business is a person or a company that provides retailers and distributors with high-quality products and services from manufacturers at competitive prices. Deliverables from them come in the form of raw materials, which manufacturers then transform into finished goods that are ready for sale.
A supplier is a company that offers products and services to another business. This organization is a section of a company's supply chain, which might provide the majority of the value found in its products. Even drop shipping, when products are sent directly to the buyer's clients, is practiced by some suppliers.
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In a period of steep increases in interest rates, which issuer is most likely to be negatively affected
Answer:
the answer to yout question is utility companys
Explanation:
which system performs tasks similar to a database management system (dbms)
A data management system (DMS) performs tasks similar to a database management system (DBMS).
A data management system (DMS) is a software system that facilitates the management and organization of data. It provides functionalities similar to a database management system (DBMS), such as data storage, retrieval, modification, and querying. A DMS enables users to store, access, and manipulate data efficiently, ensuring data integrity and security. It typically includes features like data indexing, transaction management, user authentication, and backup and recovery mechanisms. DMSs are designed to handle large volumes of data and support multiple concurrent users. Examples of DMSs include document management systems, content management systems, and file management systems. These systems help organizations effectively manage their data assets and ensure smooth data operations.
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Suppose the FED credibly commits to keep short-term interest rates low for a long time, say, for 5 years. Holding other factors fixed,
Group of answer choices:
A)long-term interest rates should not be affected, as they are determined solely by long-run inflation expectations
B)long-term interest rates should increase
C)long-term interest rates should decrease
D) this an example of contractionary monetary policy
C) Lowering short-term interest rates for a long period, such as five years, would lead to a decrease in long-term interest rates.
In what wayshort-term interest rates impact long-term interest rates?When the Federal Reserve (FED) credibly commits to maintaining low short-term interest rates for an extended period, it creates an expectation of continued accommodative monetary policy. This expectation can influence market participants' behavior and shape long-term interest rates. In response to the FED's commitment, lenders and investors may revise their expectations and adjust their strategies accordingly.
Lower short-term interest rates incentivize borrowing and spending, stimulating economic activity. This increased demand for loans can push down long-term interest rates, as lenders respond to the growing supply of funds and competition in the market. Furthermore, the FED's commitment to low rates signals that they expect economic conditions to warrant continued support, fostering confidence among market participants.
The decrease in long-term interest rates can have several effects. First, it reduces borrowing costs for businesses and individuals seeking long-term loans, such as mortgages or business investments. This affordability encourages borrowing and investment, supporting economic growth and expansion. Lower long-term interest rates can also make it more attractive for investors to allocate funds into long-term bonds and securities, as the returns become relatively more favorable compared to other investment options.
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The principle of internal control that prevents one individual from being responsible for all the related activities of a given task is
The principle of internal control that prevents one individual from being responsible for all the related activities of a given task is called segregation of duties.
This principle ensures that no single individual has complete control over a transaction or activity from start to finish, thereby minimizing the risk of errors, fraud, and other unethical behavior.
Segregation of duties involves separating the key tasks of a process or transaction among different individuals or departments. For example, in a retail business, the cashier who collects payments from customers should not be the same person who is responsible for reconciling the cash register at the end of the day. Similarly, the person who authorizes purchases should not be the same person who approves the payments for those purchases.
By implementing segregation of duties, organizations can prevent errors, fraud, and other risks from occurring. This principle is a critical component of effective internal control systems and helps to ensure the accuracy, reliability, and completeness of financial information.
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Question # 1 Long Text (essay) Submit two news story summaries, noting the following: agency name(s), parties affected by the decision, status on period for comment, status on decision-making, and what decisions you would make in similar situations.
The answer is The public may not make technical decisions, but their opinions deserve consideration by those who are making those decisions.
What does making decisions mean?The process of choosing a course of action involves recognizing a decision, acquiring data, and weighing potential answers.
What three ways can one make a decision?Based on the level at which they occur, decision-making may also be divided into three types. The direction of an organization is decided upon strategically. Decisions regarding how something will be accomplished are considered tactical. Lastly, operational decisions are choices that staff members make every day to manage the company.
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What disadvantages could others' management responsibilities bring to your project? For instance, purchase and management of the hospital's technical equipment and staffing.
Answer:
mistakes
Explanation:
The main disadvantage would simply be "mistakes". Since it is your project, you are the one who has the vision of what it is supposed to be and what it is supposed to accomplish. If another individual is responsible for actions such as purchasing and managing technical equipment and staffing, they could make the mistake of buying the wrong equipment or hiring staff that is not necessarily suited to be part of the team. These are all mistakes that can be easily made if the individual in charge of these responsibilities does not have all the individual details of what the project is supposed to be.
PLZ I NEED HELP THIS IS IN FOUNDATIONS BTW PLZ HELP WITH WORK. :/
What will be the result if the formula if inserted into cell and copied down the column so that the cell references were correct? Select all that apply.
A. The comments for Ryan would be, "Good effort!"
B. The comments for Latisha would be, "Well done!"
C. The comments for Kate would be, "Good effort!"
D. The comments for Tom would be, "Well done!"
Answer:
i dont understand this, please give more info
Explanation:
magine that you are an entrepreneur in Canada, and you have a growing business that imports products made in France. Answer the following questions as they apply to "your" business:
d) In your contract with the exporter, you agree to pay for the product through a documentary letter of credit issued by the Toronto Dominion Bank. If the product is damaged in transit, can you stop payment under the letter of credit? Explain your answer.
As an entrepreneur importing products from France, I cannot stop payment under a documentary letter of credit issued by the Toronto Dominion Bank solely due to product damage in transit. The letter of credit focuses on financial transactions, not physical condition, which is typically covered by insurance or separate agreements.
As an entrepreneur in Canada importing products from France, if I have agreed to pay for the products through a documentary letter of credit issued by the Toronto Dominion Bank, I cannot stop payment under the letter of credit solely due to the product being damaged in transit.
A documentary letter of credit is a financial instrument that guarantees payment to the exporter upon presentation of compliant shipping documents. Its purpose is to ensure that the exporter receives payment for the goods shipped. The responsibility for verifying the condition of the products lies with the buyer before they are shipped.
In the case of product damage in transit, it is typically the responsibility of the shipping or insurance company to cover any losses or damages. As the buyer, I should have appropriate insurance coverage or a separate agreement with the exporter or shipping company to address such issues.
The letter of credit mechanism is primarily concerned with the financial transaction and compliance with the agreed terms and conditions of the contract, rather than the physical condition of the products. Therefore, the payment cannot be stopped under the letter of credit due to damage in transit alone.
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Match each term with its description. Match Term Definition Economy A) Make or provide goods and services that consumers buy and use. Free enterprise system B) People who buy and use goods and services. Producers C) A system in which individuals or businesses may buy, sell, and set prices with little government control. Consumers D) How people produce, distribute, and use goods and services. Supply E) The amount of goods and services available for sale.
Answer:
A) Make or provide goods and services that consumers buy and use.- Producers.
B) People who buy and use goods and services.- Consumers.
C) A system in which individuals or businesses may buy, sell, and set prices with little government control.- Free enterprise system.
D) How people produce, distribute, and use goods and services.- Economy.
E) The amount of goods and services available for sale.- Supply.
Explanation:
1. A producer is a term used for the ones producing the goods. They are the ones who make, provide, and supply goods and services to 'consumers' to buy or use as they please.
2. Consumers are the ones 'taking in' the provides goods and services from the producers. They are the receiving end of the service line, people who buy and use the producers' products.
3. Free enterprise system is a system where individuals can sell, buy, and even set prices on goods and services without the government setting a limit. This is a freedom of regulation where the individuals have the freedom to do anything with their services and goods.
4. An economy is a system of human labor where people who produce and those who receive the services and goods of these producers come together. This system is an exchange of services and labor, that of exchange and consumption between the producers and consumers.
5. Supply is the number of goods and services available for the consumers to avail. It is the number of goods and services available or made available in the market.
In Word Online, the Save As command is located under which tab?
File
Home
Layout
Review
Answer:
it is file
Explanation:
just did a test got it right
Gross Domestic Product
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.