Deborah Consultants had the following accounts and account balances after adjusting entries.Assume all accounts have normal balances.Calculate the amount of service revenue and prepare the adjusted trial balance for Deborah Consultants as of December 31,2019.
Definitions:
Average Variable Cost
The total variable costs of production divided by the quantity of output produced.
MC Curve
Stands for Marginal Cost Curve, depicting the cost of producing one additional unit of a good.
Shut-down Point
The level of operations at which a company's revenue is exactly equal to its variable costs, and it is indifferent between continuing operations and shutting down.
Economic Profit
The deviation between complete revenue and cumulative liabilities, including both named and unnamed expenses.
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