Bates Company purchased equipment on January 1, 2006, at a total invoice cost of $600,000. The equipment has an estimated salvage value of $15,000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2007, if the straight-line method of depreciation is used?

Which of the following strategies is a marketing manager most likely to follow to increase sales of a high-involvement product?

a. Create an advertisement that gives consumers all the necessary information to make a purchase decision b. Focus on the package design of products so that the products will be eye-catching and easily recognized on the shelf c. Link a product to a higher-involvement issue to create positive publicity d. Give coupons, cents-off deals, and two-for-one offers

Office manager Gus has spent all his annual money for paper towels, so he requests that until the end of the budget cycle, employees bring their own paper towels to the office. What type of budget does Gus most likely have?

a. pro-forma b. master c. flexible d. fixed