Suppose that you prefer reading a book you already own to watching tv and that you prefer watching tv to listening to music. if these are your only three choices, what is the opportunity cost of reading

The opportunity cost of reading is watching TV.

Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.

YEs, beccaseu there is not Resonalbe Assumptions

Explanation:

Christian Everland (SS# 412-34-5670) is single and resides at 3554 Arrival Road, Apt. 6E, Buckhead, GA 30625. Last year Christian started his own landscaping business. He now has two employees and had the following business results in 2018: Revenue $ 63,500 Expenses Wages $ 12,500 Payroll taxes 956 Fuel 3,500 Repairs 2,345 Assets Truck, used 100% for business. Original cost of $22,000. Purchased on 03/01/18. Mower #1. Original cost of $4,500. Purchased new on 01/05/18. Mower #2. Leased for $200 per month for all of 2018. Other business equipment. Original cost of $4,000. Purchased new on 01/05/18. Section 179 depreciation is elected for all eligible assets. Christian has no other income, does not itemize, and has no dependents. He paid four quarterly federal tax estimates of $700 each.

Prepare Christian’s 2016 Form 1040 and supplemental schedules. Schedule C, Form 4562, and Schedule SE are required. He wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Christian had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions.

YEs, beccaseu there is not Resonalbe Assumptions

Explanation: