What are the estimated commission revenues for acutron

Assignment Help Cost Accounting

Reference no: EM132758609

Problem 1: Acutron is a large securities dealer. Last year, the company made 180,000 trades with an average commission of $180. Because of the general economic climate, Acutron expects trade volume to decline by 20%. Fortunately, the average commission per trade is likely to increase by 10% because trades are expected to be large in the coming year. What are the estimated commission's revenues for Acutron in the coming year?

Multiple Choice

Option 1: $25,920,000.

Option 2: $28,512,000.

Option 3: $32,832,000.

Option 4: $33,264,000.

Reference no: EM132758609

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