# Acutron is a large securities dealer. Last year, the company made 240,000 trades with an average commission

## This Post Has 4 Comments

1. Expert says:

If its a multiple choice test, then it should be a conservationist.

2. Expert says:

Domain is example and subdomain is www.

3. litwork5885 says:

Estimated commission revenues is50,688,000.00

Explanation:

The estimated commission revenue for Acutron in the coming year  reflects last year's volume of trade less 20% decline multiplied by the average commission for last year adjusted for 10% increase

volume of trade=240,000*(1-20%)

=240,000*0.80

= 192,000 trades

average commission  per trade=$240*(1+10%) =$240*1.1

=$264 Estimated commission revenue=quantity*price =192,000*$264

=$50,688,000.00 4. slrich21 says: The estimated commission's revenues for Acutron in the coming year will be$ 50,688,000.

Explanation:

In order to calculate the estimated commission's revenues for Acutron in the coming year we have to proceed first to following steps:

Step 1: We have to calculate the estimated trade

estimated trade= 240,000× 80%=192,000 Trade

Step 2: We have to calculate the estimated commission per trade

estimated commission per trade= 240×110%=264

Finally we can calculate the estimated commission's revenues

estimated commission's revenues=192,000×264= \$ 50,688,000.