Anna Deposited $10,000 into an Account Three Years Ago

question 167

Multiple Choice

Anna deposited $10,000 into an account three years ago.The first year she earned 12 percent interest,the second year she earned 8 percent interest,and the third year she earned 4 percent interest.How much money does she have in her account today?

• A)$12,579.84
• B)$12,596.80
• C)$12,597.12
• D)None of the above are correct to the nearest cent.

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Definitions:

Direct Labor-Hours

The total hours worked directly on the production of goods or provision of services, often used as a basis for assigning labor costs to products.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to complete a task, multiplied by the standard labor rate.

Actual Results

The real, measured outcomes of business activities, such as sales or production levels, compared to planned or forecasted results.

Standard Cost

A predetermined cost of manufacturing, selling, or any other business activity, used as a benchmark for measuring performance.