Suppose a company did $2,000,000 in annual maintenance

Suppose a company did $2,000,000 in annual maintenance

Question # 00347846 Posted By: solutionshere Updated on: 07/28/2016 09:19 AM Due on: 07/28/2016
Subject Finance Topic Finance Tutorials:
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Suppose a company did $2,000,000 in annual maintenance in 2013 and expects 90% of those to renew for 2014. Suppose that product sales for 2013 were $2,000,000 (which included free maintenance in 2013) and 70% of those were expected to pay an annual maintenance of 15% of the purchase price in 2014. What will be the annual maintenance collected in 2014?
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    Tutorial # 00343536 Posted By: solutionshere Posted on: 07/28/2016 09:19 AM
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