In this class you have been introduced to the goals of efficiency (achieving the most net benefit) and equity (achieving more equal outcomes). The tradeoff between these goals can be seen in markets such as health care, labor, and housing. Explain how a policy maker's yalues regarding the importance of efficiency versus equity would cause them to intervene in a market, or leave it alone.

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)