Solution-Estimated commission revenues

Estimated commission revenues

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TRS is a large securities dealer. Last year, the company made 90,000 trades with an average commission of $90. Because of the general economic climate, TRS expects trade volume to decline by 10%. 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 TRS in the coming year?

Reference no: EM13969280

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Estimated commission revenues

Reference no: EM13969280

Reference no: EM13969280

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