Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you add a little bit more to my answer: What is the difference between funding a program as capital as opposed to operating? Mary,

can you add a little bit more to my answer: What is the difference between funding a program as capital as opposed to operating? Mary, Good afternoon Funding a program as capital and operating are two different financial approaches, each with its own effects. For example, capital funding is money used for big, long-term purchases in a program, like buildings or equipment. These items are expected to be useful for a long time and help the program. Their cost is spread out over many years, not just the year they were bought. On the other hand, operating funding is money used for the everyday running of a program. It covers regular costs like salaries, rent, and utilities. These costs are counted in full in the year they happen

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

More Books

Students also viewed these Accounting questions