This topic contains a solution. Click here to go to the answer

Author Question: Explain the difference between a start-up budget and an operating budget. What will be an ideal ... (Read 125 times)

karen

  • Hero Member
  • *****
  • Posts: 537
Explain the difference between a start-up budget and an operating budget.
 
  What will be an ideal response?

Question 2

What is an in-kind contribution?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

ANSWER:
A start-up budget consists of all the expenses incurred in starting the center, such as initial building expenses, building renovation, rent deposit, purchase of major equipment, cost of publicizing the center, telephone service deposit, utility charges during start-up period and salaries for personnel needed to assist in opening the new center.

An operating budget consists of an income and expense plan for one year and is used when centers enroll children and begin the programand annually thereafter.

Answer to Question 2

ANSWER:
An in-kind contribution is a donation of services or goods rather than a monetary contribution.





 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library