Question

If a business generates 30 transactions per business hour and journalizes all of them, how long will its journal be in one year? Assume 365 days per year, 10 business hours per day for 7 days per week, and 20 transactions per page.

Answer 1

The journal will be 5,475 pages long in one year.

Step-by-step explanation:

To determine how long the journal will be in one year, we need to calculate the total number of transactions in a year. Given that there are 30 transactions per business hour, we can calculate the total number of transactions in a business day by multiplying 30 by the number of business hours in a day, which is 10. Therefore, there are 300 transactions in a business day.

Next, we can calculate the total number of transactions in a year by multiplying the number of transactions in a business day by the number of business days in a year, which is 365. Therefore, there are 109,500 transactions in a year.

Since there are 20 transactions per page, we can determine the number of pages in the journal by dividing the total number of transactions by 20. Therefore, the journal will be 5,475 pages long in one year.