How many years will it take for an initial investment of $200 to grow to $544 if it is invested today at 8% compounded annually?

Gitis, Inc uses the direct method to prepare its statement of cash flows

Use the following information reported for 2017: Sales Revenue, $43,000 Interest Revenue, $600 Accounts Receivable, beginning balance, $13,400 Accounts Receivable, ending balance, $26,000 There were no amounts reported for Interest Receivable. Compute the total cash receipts. A) $26,000 B) $56,400 C) $31,000 D) $13,400

When proofreading, a reader should look for mistakes in design and layout in addition to production errors

Indicate whether the statement is true or false.