OxygenMart is a retail store selling home oxygen equipment. OxygenMart 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:

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		=