Acutron is a large securities dealer. Last year, the company made 240,000 trades with an average commission of $240. 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
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Acutron is a large securities dealer. Last year, the company made 240,000 trades with an average commission of $240. Because of the general ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If output equals a * (5k + 2l), what is output if a equals 2,000, capital equals 10, and labor equals 100?
Answers (1)
Suppose that real domestic output in an economy is 300 units, the quantity of inputs is 50 and the price of each input is $9. the per-unit cost of production is: $0.67 $1.50 $33.33 $55.00
Answers (1)
David ricardo believed that: a. all nations can gain from free international trade. b. trade cannot increase the world's output of goods. c. trade will benefit countries when it generates gold and silver for the national treasury. d.
Answers (1)
Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares does Nick own? a. 383 b. 457 c. 362 d. 276 The answer is C
Answers (1)
When words are insufficient to explain the quantitative relationship between two variables (i. e., stimulus andresponse, cause andeffect), economists often 1. spreadsheets 2. flow charts 3. mathematical equations
Answers (1)
New Questions in Business
In many states, the minimum amount that stockholders must contribute to the corporation, and which is intended to protect the creditors of the corporation, is called the:
Answers (1)
Other things being equal, the monopolist will hire the same number of workers as a perfectly competitive industry would. hire fewer workers than if the industry were perfectly competitive.
Answers (1)
Which of the following statements is true about using fonts in business documents? A. Sans serif fonts, such as Arial, are best in business letters and emails. B. Use as many different types of fonts in a business letter as you can. C.
Answers (1)
In creating the Wii, how did Nintendo ensure a supply of complements that would motivate customers to adopt its new video game format? a. Nintendo made only a select number of games to run exclusively on the Wii system. b.
Answers (1)
Suppose that B2B, Inc., has a capital structure of 35 percent equity, 16 percent preferred stock, and 49 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 14.5 percent, 11.0 percent, and 9.
Answers (1)