Acutron Is a Large Securities Dealer

Acutron is a large securities dealer. Last year, the company made 120,000 trades with an average commission of $120. 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?

A) $11,520,000.
B) $12,672,000.
C) $15,552,000.
D) $15,840,000.

Correct Answer:

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