Acutron is a large securities dealer. Last year, the company made 130,000 trades with an average commission of $130. 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? Multiple Choice $13,731,250 $18,736,250 $14,576,250 $18,476,250

Acutron is a large securities dealer. Last year, the company made 130,000 trades with an average commission of $130. 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? Multiple Choice $13,731,250 $18,736,250 $14,576,250 $18,476,250

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 13P

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