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 1,2010,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.
Correct Answer:
Verified
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