Suppose a company did $3,000,000 in annual maintenance in 2013 and expects 85% of those to renew for 2014. suppose that product sales for 2013 were $3,000,000 (which included free maintenance in 2013) and 60% of those were expected to pay an annual maintenance of 20% of the purchase price in 2014. what will be the annual maintenance collected in 2014?

In year 2013 annual maintenance done = $ 3,000,000

Out of this 85% is expected to renew in 2014 = = $2,550,000

Now Sales in 2013 = $3,000,000

60% of these sales = = $1,800,000

Now out of this 60%, 20% annual maintenance was expected to be paid

In 2014 = = $360000

So, Total annual maintenance in 2014 =

= $2,910,000

(x+3)(x+7)

step-by-step explanation:

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.