Trs is a large securities dealer last year the company made, Ask an Expert

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TRS 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, TRS 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 TRS in the coming year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983207

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