Question
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
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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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
