The City of Ruth has been awarded a $1,000,000 federal reimbursement grant to improve bike trails. The city has incurred $418,000 of qualifying expenditures to date, for which the federal government has reimbursed the city $180,000. How much should the city of Ruth show as due from the federal government?

Question

Quizplus · Accepted Answer

The city has incurred $418,000 in qualifying expenditures and has been reimbursed $180,000. Therefore, the amount due from the federal government is $418,000 - $180,000 = $238,000.

The City of Ruth Has Been Awarded a $1,000,000 Federal