If the Program Services Expenses Category Includes Both Directly Related

question 7

Essay

If the program services expenses category includes both directly related costs and indirect costs allocated to it, why is it necessary to have a separate category of "supporting services expenses"?

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Definitions:

Accounts Receivable

Financial obligations of customers towards a firm for delivered services or goods yet to be paid for.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Maker

In terms of financial instruments, the maker is the party that creates or issues the instrument, such as a check or promissory note.

Payee

The party in a financial transaction who receives payment.