Quinn's Income to Spend on Either Bowling or Eating Out

question 85

Multiple Choice

Quinn's income to spend on either bowling or eating out each month is $100.It costs $10 to bowl for the night and it costs $20 for Quinn to eat at a restaurant.A point on Quinn's budget constraint would be:

• A) 4 nights of bowling and 3 trips to the restaurant.
• B) 3 nights of bowling and 4 trips to the restaurant.
• C) 2 nights of bowling and 5 trips to the restaurant.
• D) 10 nights of bowling and 5 trips to the restaurant.

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Definitions:

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for, including both operating activities and investments.

Financing Activities

Transactions related to a company's raising or repaying capital, such as issuing shares, paying dividends, or taking on new loans.

Cash Dividends

Money distributed by a corporation to its shareowners, frequently as a dividend from profits.

Operating Activities

Transactions and other events that are not investing or financing activities, usually involving the production and delivery of goods and services.