
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
النسخة 2الرقم المعياري الدولي: 978-0077274993
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
النسخة 2الرقم المعياري الدولي: 978-0077274993 تمرين 7
Estimate Sales Revenues
SVI is a large securities dealer. Last year, the company made 120,000 trades with an average commission of $110. Because of the general economic climate, SVI expects trade volume to decline by 10 percent. Employees at a local manufacturing plant have historically constituted 15 percent of SVI's volume. The plant just closed and all employees have closed their accounts.
Offsetting these factors is the observation that the average commission per trade is likely to increase by 10 percent because trades are expected to be larger in the coming year.
Required
Estimate SVI's commission revenues for the coming year.
SVI is a large securities dealer. Last year, the company made 120,000 trades with an average commission of $110. Because of the general economic climate, SVI expects trade volume to decline by 10 percent. Employees at a local manufacturing plant have historically constituted 15 percent of SVI's volume. The plant just closed and all employees have closed their accounts.
Offsetting these factors is the observation that the average commission per trade is likely to increase by 10 percent because trades are expected to be larger in the coming year.
Required
Estimate SVI's commission revenues for the coming year.
التوضيح
SVI has a volume of 120,000 trades in th...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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