In the month of march, digby received orders of 139 units at a price of $15.00 for their product daze, and in april receives an order for 35 units of their product daze at $15.00. digby uses the accrual method of accounting and offers 30 day credit terms. digby delivers 0 units in march, 139 units in april and 35 units in may. they received payment for 139 units in april, and payment for 35 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)a.$780 , $780
b.$1,560 , $780
c.$2,340 , 0
d.0 , $2,340

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