Multiple Choice
Which of the following best describes reserve funds in financial accounting?
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1. Introduction to Accounting
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A trampoline gym charges \$6 for \( \frac{1}{2} \) hour. At that rate, what does 1 hour cost?
A
\$9
B
\$12
C
\$3
D
\$6
Verified step by step guidance1
Understand the problem: The gym charges \$6 for half an hour. To find the cost for 1 hour, we need to determine how many half-hour sessions fit into 1 hour and then calculate the total cost.
Recognize that 1 hour is equivalent to two half-hour sessions. This means we need to multiply the cost of one half-hour session by 2.
Set up the equation: Let the cost of 1 hour be represented as \( \text{Cost} = 2 \times 6 \).
Perform the multiplication: Multiply the cost of one half-hour session (\$6) by 2 to find the total cost for 1 hour.
Verify the result: Ensure the calculation aligns with the rate provided in the problem and matches the correct answer option.
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