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Acutron is a large securities dealer. Last year, the company made 300,000 trades with an average commission of $300. Because of the general economic climate,
Acutron is a large securities dealer. Last year, the company made 300,000 trades with an average commission of $300. 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?
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$79,200,000.
$72,000,000.
$87,120,000.
$86,400,000.
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