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Kathy Operates a Gym

Question 76

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Kathy operates a gym.She sells memberships that entitle the member to use the facilities at any time.A one-year membership costs $360 ($360/12 = $30 per month) ; a two-year membership costs $600 ($600/24 = $25 per month) .Cash payment is required at the beginning of the membership period.On July 1,2011,Kathy sold a one-year membership and a two-year membership. Kathy operates a gym.She sells memberships that entitle the member to use the facilities at any time.A one-year membership costs $360 ($360/12 = $30 per month) ; a two-year membership costs $600 ($600/24 = $25 per month) .Cash payment is required at the beginning of the membership period.On July 1,2011,Kathy sold a one-year membership and a two-year membership. A) Only I is true. B) Only I and II are true. C) Only II and III are true. D) I, II, and III are true. E) None of the above.


A) Only I is true.
B) Only I and II are true.
C) Only II and III are true.
D) I, II, and III are true.
E) None of the above.

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