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Acutron is a large securities dealer. Last year, the company made 320,000 trades with an average commission of $320. Because of the general economic climate,
Acutron is a large securities dealer. Last year, the company made 320,000 trades with an average commission of $320. Because of the general economic climate, Acutron expects trade volume to decline by 25%. Fortunately, the average commission per trade is likely to increase by 15% because trades are expected to be large in the coming year. What are the estimated commission's revenues for Acutron in the coming year?
$88,320,000.
$83,200,000.
$98,560,000.
$97,920,000.
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