In the month of march, baldwin received orders of 166 units at a price of $15.00 for their product bold, and in april receives an order for 42 units of their product bold at $15.00. baldwin uses the accrual method of accounting and offers 30 day credit terms. baldwin delivers 0 units in march, 166 units in april and 42 units in may. they received payment for 166 units in april, and payment for 42 units in may. how much revenue is recognized on the march income statement from this order? how much in the april income statement? (answer in thousands)

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Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan