Question
OxygenMart is a retail store selling home oxygen equipment. Oxygen mart also services home oxygen equipment, for which the company bills customers monthly. OxygenMart has
OxygenMart is a retail store selling home oxygen equipment. Oxygen mart also services home oxygen equipment, for which the company bills customers monthly.
OxygenMart has budgeted for increases in service revenue of $ 300 each month due to a recent advertising campaign. The forecast of sales and service revenue for March-June
2018
is as follows:
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(Click the icon to view the forecast of sales and service revenue.)
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(Click the icon to view the collection information.)Read the requirements
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.
Requirement 1. Calculate the cash that
OxygenMartOxygenMart
expects to collect in May and in June
20182018.
Show calculations for each month.
Start by showing the cash collections of sales revenue, then complete the schedule by entering in the service revenue collections and the total cash collections for each month. (Complete all answer boxes. If there were no collections of revenue for a certain month, select "0%" in the "Collection %" column and enter a "0" in the appropriate May or June column.)
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Gross Expected | |||||||
| Revenue |
| Collection % |
| April | May | June |
Sales revenue: |
| ||||||
April sales revenue collected in Apr | x |
| = |
|
|
| |
May sales revenue collected in May |
| x |
| = |
|
| |
June sales revenue collected in June |
| x |
| = |
|
|
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