The accounting equation is in balance if there is a (an)a. increase in liabilities and an increase in equityb. decrease in assets and an increase in liabilitiesc. increase in assets and an increase in equityd. decrease in equity and an increase in assets

C. increase in assets and an increase in equity

Explanation:

When analyzing problems like this, just use the accounting equation as a guide:

Assets = Liabilities + Equity

That means this equation should always "equate" or be equal on both sides.

The only choice that respects the accounting equation is letter C.

↑Assets = Liabilities + ↑Equity

See, both sides had increased and the balance is maintained

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.