What are the estimated commissions revenues for trs, Accounting Basics

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What are the estimated commissions revenues for trs

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: What are the estimated commissions revenues for trs

Reference No:- TGS0713092

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What are the estimated commissions revenues for trs

Reference No:- TGS0713092

Recent Questions Asked Accounting Basics

Q : Discuss the action will produce the highest net income

Q : What is the final pressure and final temperature

Q : Which is the best course of action

Q : Light incident perpendicular to the glass

Q : What are the estimated commissions revenues for trs

Q : Probability of no inventory shortage

Q : The basis of direct labor costs

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Q : Determine why the company should purchase new machine

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