In the Month of March, Baldwin Corporation received orders of 175 units at a price of $15.00 for their product Bill. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 116 units in March and the balance of 58 units in April. They received payment for 58 units in March, 58 units in April, and 58 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement

Revenue is recognized on the March income statement from this order: $1,740

Revenue is recognized on the April income statement from this order: $870

Explanation:

Baldwin uses the accrual method of accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

Baldwin delivers 116 units in March. Revenue is recognized on the March income statement = 116 x $15.00 = $1,740

Baldwin delivers 58 units in April. Revenue is recognized on the March income statement = 58 x $15.00 = $870

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.