Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

Average trade time in Ameritrade is 5 second. Ameritrade has promised its customers if trade time exceeds 22 second it is free (a $11.99 cost

Average trade time in Ameritrade is 5 second. Ameritrade has promised its customers if trade time exceeds 22 second it is free (a $11.99 cost saving for the customer.) There are 189000 average daily trades.

What is the daily cost of this policy to Ameritrade? The potential answers are: A: $25617 B: $31952 C: $30454 D: $9087 E: $27822

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: McGraw Hill

Student Edition

0078958393, 978-0078958397

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain why the Heckscher-Ohlin theory is a general equilibrium model.

Answered: 1 week ago

Question

★★★★★

Graph the system of linear inequalities and indicate the solution set. x 0 y 0

Answered: 1 week ago

Question

★★★★★

4. Critically evaluate the factors that affect reported levels of mental health issues in rape victims

Answered: 1 week ago

Question

★★★★★

You are opening a summer business, a chain of three drive-through snow-cone stands. You have hired other college students to work and have purchased a cash register with locked-in tapes. You retain...

Answered: 1 week ago

Question

★★★★★

Pelican Imports, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.97 million. The fixed asset will be depreciated straight- line to zero...

Answered: 1 week ago

Question

★★★★★

Green Lumber has total sales of $387,200 on total assets of $429,600, current liabilities of $45,000, and $24,000 of dividends paid on net income of $60,000. Assume that all costs, assets, and...

Answered: 1 week ago

Question

★★★★★

. The Charter of Rights and Freedoms, part of Canada\'s constitution, was drafted broadly, with the expectation that its provisions would be interpreted by case law. Why do you think the drafters...

Answered: 1 week ago

Question

★★★★★

The COMMON law system is the system of law that courts follow in the U.S. It was borrowed from the British system and still exists in most countries that were once part of or still are part of the...

Answered: 1 week ago

Question

★★★★★

Mention a few food safety practices you will exercise when dealing with ready-to-eat foods?

Answered: 1 week ago

Question

★★★★★

Your team wants to compare two mean values after gathering eye tracking data of users who engaged with the Insurance Dashboard in Figure 1. You, as IT manager, suggest that they consider two...

Answered: 1 week ago

Question

★★★★★

What operating system and currently supported version have you used and what about itdid you not like?Explain why.

Answered: 1 week ago

Question

★★★★★

Continue the exercise started on page 172 by listing common sayings or adages in your culture. Decide what each saying refl ects about the beliefs, values, and concerns of your culture.

Answered: 1 week ago

Question

★★★★★

As a class, discuss the tension between recognizing individuality and noting patterns common in specifi c social groups. Is it possible to recognize both that people have standpoints in social groups...

Answered: 1 week ago

Question

★★★★★

The 2002 fi lm Windtalkers tells the story of the Navajo soldiers who developed a code that enemy intelligence couldnt break. This was discussed in the FYI box on page 161.

Answered: 1 week ago

Previous Question Next Question