A local government was awarded a federal grant in the amount of $800,000 to provide for a summer youth recreation program. The grant was a reimbursement grant, and a notification of the grant award was received on April 30, 2020. The local government expended the resources as follows: June 2020: $250,000 July 2020: $285,000 August 2020: $265,000 The federal government sent the funds in the month following the expenditure. The local government would recognize revenues for the fiscal year ended June 30, 2020 in which amount? Multiple Choice $0. $550,000. $250,000.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year