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Acutron is a large securities dealer. Last year, the company made 2 2 0 , 0 0 0 trades with an average commission of $

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Acutron is a large securities dealer. Last year, the company made 220,000 trades with an average commission of $220. 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
$48,400,000
$47,872,000
$38,720,000
$42,592,000
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