Answer the Following Question(s)using the Information Below

question 119

Multiple Choice

Answer the following question(s) using the information below.Fiscal Company has the following sales budget for the last six months of 2018:
Historically, the cash collection of sales has been as follows:

-Cash collections for September are

• A)$71,500
• B)$86,700
• C)$110,000
• D)$102,000
• E)$99,500

---

Definitions:

Productive Capacity

Refers to the maximum output a system, economy, or machine can produce over a period of time under normal conditions.

Supply of Land

The total availability of land resources that can be used for various purposes, often considered perfectly inelastic.

Perfectly Inelastic

A situation where the quantity demanded or supplied of a good does not change in response to a change in price.

Relatively Elastic

Describes a situation where the demand for a product is sensitive to changes in price, meaning a small price change can lead to a large change in quantity demanded.