What Income tax should be on 400 naira at the rate of 2¹/2 kobo per Naira? A. 2 Naira B. 4 Naira C. 5 Naira D. 10 Naira E. 15 Naira​

Answers

Answer 1

Step-by-step explanation:

A. Hawa Enterprise is a small retail business located in Changlun, Kedah. Follows are information on bank transactions of Hawa Enterprise as at 31 July 2022:

a. Cash on the book was RM34,635.

b. Cash as shown on the bank statement was RM35,296.

c. A deposit of RM3,500, representing cash receipts on 31 July, did not appear on the bank statement.

d. Outstanding cheque include cheques No 2031, No 2558, and No 2783 with the amount respectively RM530, RM1,551 and RM2,100.

e. The bank collected RM810 on a note receivable for Hawa Enterprise. The bank charged a collection fee of RM10 which was credited to Hawa Enterprise’s account.

f. An NSF cheque for RM950 from a customer, En Mansor, was returned with the bank statement.

g. The bank paid correctly an amount of RM3,680 for cheque No 2805 which was recorded in a book as RM3,860. h. Bank service charges for July 2022 amounted to RM50.

REQUIRED:

Prepare the bank reconciliation statement for Hawa Enterprise as at 31 July 2022.

B. Beginning July 2022, Hawa Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of July:

5/7 Established a RM300 petty cash fund with cash withdrawn from the company’s current account.

30/7 The petty cash fund has RM12 remaining and is replenished. Expenditures for July were RM75 for supplies, RM60 (meals), RM80 (postage), RM50 (amenities) and RM25 (freight-in).

REQUIRED:

Prepare the journal entries for the above transactions.


Related Questions

Check all that apply. – is the reference angle for:
3
MA. T
3
B.
] c.
☐ D.
15:
3
2;}
3
19:1
3

Answers

Answer:

  A, C, D

Step-by-step explanation:

You want the angles in the list that have π/3 as the reference angle.

Reference angle

The reference angle is the smallest angle between the angle's terminal side and the x-axis. The cosine and sine of the reference angle have the same magnitude of the cosine and sine of the angle in question.

The attached table shows that 7π/3, 2π/3, and 19π/3 have the same reference angle: π/3.

If a1=8 and an= an-1

Answers

Answer:

Step-by-step explanation:

242424

Luke can dig a hole in four days and his friend Steve can dig it in five days how long will it take them to dig the hole together

Answers

Answer:

2 [tex]\frac{2}{9}[/tex] days

Step-by-step explanation:

Let d = the number of days.

[tex]\frac{1}{4}[/tex] d = [tex]\frac{1}{5}[/tex]d = 1

[tex]\frac{5}{20}[/tex] d + [tex]\frac{4}{20}[/tex] d = 1

[tex]\frac{9}{20}[/tex] d = 1  Multiply both sides by [tex]\frac{20}{9}[/tex]

([tex]\frac{20}{9}[/tex])([tex]\frac{9}{20}[/tex]) d = 1([tex]\frac{20}{9}[/tex])

d = [tex]\frac{20}{9}[/tex]   I can break 20 into 9 + 9 + 2

d = [tex]\frac{9}{9}[/tex] + [tex]\frac{9}{9}[/tex] + [tex]\frac{2}{9}[/tex]           [tex]\frac{9}{9}[/tex] = 1

d = 1 + 1 + [tex]\frac{2}{9}[/tex]

d = 2 [tex]\frac{2}{9}[/tex]

Samantha received a $100 gift card to an online store. She wants to purchase some bracelets that cost $15 each. There will be a $25 overnight shipping fee. How many bracelets can she buy?

Answers

Samantha has $100 dollars- if the shipping fee is $25, then that leaves her with $75 dollars left. She will be able to buy 5 bracelets with $75. (1=$15, 2=$30, 3=$45, 4=$60, 5=$75)

If tan x =
3
4
and cot y =
12
5

π
, where x and y lie in the interval of 0 to --
2
, find tan (x-y). [4]

Answers

The tangent of the subtraction of angles x and y is defined as follows:

tan(x - y) = (36 - 20π)/(48 + 15π)

How to obtain the tangent of the subtraction?

The tangent of the subtraction of two angles is obtained according to the identity presented as follows:

tan(x - y) = [tan(x) - tan(y)]/[1 + tan(x)tan(y)]

The tangent of angle x is given as follows:

3/4.

The tangent and cotangent are defined as follows:

tan(x) = sin(x)/cos(x).cot(x) = cos(x)/sin(x) = 1/tan(x).

Hence the tangent of angle y is obtained inverting the numerator and the denominator of the function, as follows:

tan(y) = 5π/12.

The subtraction of the two tangents is given as follows:

tan(x) - tan(y) = 3/4 - 5π/12 = 9/12 - 5π/12 = (9 - 5π)/12.

The quotient of the two tangents is given as follows:

tan(x)tan(y) = 3/4 x 5π/12 = 15π/48.

Then the denominator of the expression is given as follows:

1 + 15π/48 = (48 + 15π)/48.

Considering the division of the two fractions, the tangent of the subtraction is defined as follows:

tan(x - y) = (9 - 5π)/12 x 48/(48 + 15π)

tan(x - y) = (36 - 20π)/(48 + 15π)

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what is
4 divided by 4/5

Answers

Answer:

5

Step-by-step explanation:

Elimination
3x-y=-1 and -3x-y=5

Answers

The equation 3x - y = - 1; - 3x - y = 5 when solved using the elimination method is x = -1 and y = -2 respectively.

How to solve simultaneous equation using elimination method?

3x - y = - 1

- 3x - y = 5

Subtract the equation to eliminate y

3x - (-3x) = - 1 - 5

3x + 3x = - 6

6x = - 6

divide both sides by 6

x = -6 / 6

x = -1

Substitute x = -1 into

3x - y = - 1

3(-1) - y = -1

-3 - y = - 1

- y = - 1 + 3

-y = 2

y = -2

Therefore, the solution to the simultaneous equation is (x, y) = (-1, -2)

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Sonya bought 2 movie tickets for $17.00 Ralph bought 5 movie tickets for $42.50. based on this information which equation can be used to determine the total cost c, for a certain number of movie tickets, F

Answers

The equation that can be used to determine the total cost, given the number of movie tickets, is c = 8. 50 c

How to find the equation ?

The equation that shows the total cost when you buy a certain number of tickets, can only be found after you solve for the ticket price.

The ticket price is :
= Cost of tickets / Number of tickets

= 42. 50 / 8

= $ 8. 50

The equation for the total cost would therefore be:

Total cost = Number of tickets x Cost per ticket

c = f x 8. 50

c = 8. 50 f

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There are total 52 flowers name the multiples of 4 in this..

Answers

Answer: multiples of 4 are -4,8,12,16,20,24,28,32,36,40,44,48,52

Step-by-step explanation:

4x1=4

4x2=8

4x3=12

4x4=16

4x5=20

4x6=24

4x7=28

4x8=32

4x9=36

4x10=40

4x11=44

4x12=48

4x13=52

Answer:

208

Step-by-step explanation:

52×4=208

Your business requests a 3-month loan for
$550,000. What will be the interest paid at the
end of the term if the business risk percentage is
assessed at 2.0% and LIBOR is at 2.8%?
inferest paid = $[?]

Answers

The total interest paid for the period of three months will be $600 on the loan amount of $550000.

What is interest?

The interest is the charges levied on the amount which we borrow from any bank for a particular period of time.

Here in the question given data is

P= $550000

R=2.0%+2.8%=4.8%

T=1/4 years or three months

So from the simple interest formula

SI = PRT / 100

= 550000 x 4.8 x 1/4 / 100

= 6600

Hence, the total interest paid for the period of three months will be $600 on the loan amount of $550000.

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What proportion of the data points in a data set are expected to be within one standard deviation of the mean.

Answers

Answer:

Step-by-step explanation:

Approximately 68% of the data points in a dataset are expected to be within one standard deviation of the mean, assuming that the data follows a normal distribution. This is known as the Empirical Rule or the 68-95-99.7 rule. According to this rule, approximately 95% of the data points are expected to be within two standard deviations of the mean, and approximately 99.7% of the data points are expected to be within three standard deviations of the mean.

Please note that this rule applies only to a normal distribution, if the data is not normally distributed, the proportion may be different.

Answer:

Approximately 68% of the data points in a data set are expected to be within one standard deviation of the mean because of the 68-95-99.7 rule.

Step-by-step explanation:

This rule states that approximately 68% of the data points in a normal distribution fall within one standard deviation of the mean, 95% within two standard deviations, and 99.7% within three standard deviations.

Harry drew the number line below to solve a word problem he drew8 numbers and 36

Answers

where’s the answer choices??? the picture?? did you finish the question??

Answer:

Step-by-step explanation:

A proven step-by-step method for solving word problems is actually quite simple.
Read the problem out loud to yourself.
Draw a Picture.
Think “What do I need to find?”
List what is given.
Find the key words.
Solve.
Check your work.

What is 5 x 7/3 in fraction form

Answers

Answer: [tex]10 \frac{2}{3}[/tex]

Step-by-step explanation:

[tex]5 \times \frac{7}{3}=\frac{5 \times 7}{3}=\frac{35}{3}=10 \frac{2}{3}[/tex]

Given the figure below, find the values of x and z.
92°
(10x + 32)°

Answers

Since Z and 92 both have vertical angles, they are equal. Subtract from 180 to determine the measure of the other angle, which is 88 degrees since it forms a straight line with the 92-degree angle. Solve the expression by setting the value at 88.

What is meant by vertical angle?The intersection of two straight lines produces a pair of vertical angles, which are not next to one another. Vertical angles that are across from one another form the corners of the "X" formed by two straight lines.The fact that they are located across from one another gives them the name "vertically opposite angles." Whenever two angles are vertically opposed, they are equal. Additionally, a vertical angle and the angle to it are supplementary angles because they add up to 180 degrees. For instance, if two lines cross and form an angle with a given value (X=45°), then the opposing angle also has a value of 45°. The angle measure of vertical angles is constant, making them congruent.

∠AOB + ∠BOC = 180°

92°+( 10x  +  32 )° = 180°

10x + 32° = 180 - 92

10x + 32° = 88

10x = 88 - 32

10x = 56

x = 56 ÷ 10

x = 5.6°

Hence, the value of X is 5.6 and Z is 92.

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I need help on this question please

Answers

Answer:

600 ml

Step-by-step explanation:

One of the rules of ratio includes sorting ratio in order according to the question. In this case, squash is mentioned first, then water. Hence, the ratio is:

squash:water = 1:6

Use cross multiplication:

1       :       6

100  :        ?

Multiply 100 by 6 then divide it by 1: which basically means 100 * 6 = 600 ml.

If you are unfamiliar with cross multiplication, then simply find out how many times did you have to multiply the 1 in the squash ratio to result to 100, which is 100, then multiply 6 by that answer = 6 * 100.

Hope you understood :)

Which equations represent circles that have a diameter of 12 units and a center that lies on the y-axis? Select two options. x2 + (y – 3)2 = 36 x2 + (y – 5)2 = 6 (x – 4)² + y² = 36 (x + 6)² + y² = 144 x2 + (y + 8)2 = 36

Answers

The equation that represents circles that have a diameter of 12 units and a center that lies on the y-axis is x²+ (y-3)² = 36. Therefore, option A is the correct answer.

What is a circle equation?

The equation of circle provides an algebraic way to describe a circle, given the center and the length of the radius of a circle. The equation of a circle is different from the formulas that are used to calculate the area or the circumference of a circle.

The standard equation of a circle with center at (x₁, y₁) and radius r is (x-x₁)²+(y-y₁)²=r²

The standard form for finding the equation of a circle is expressed as;

(x-a)²+ (y-b)² =r²

Where; (a, b) is the center of the circle and r is the radius of the circle

Given that, diameter = 12 units

So, radius = 12/2 = 6 units

If the center lies on the y-axis, the center will be at (0, 3)

Substituting into the formula, we will have (x-0)² + (y-3)² = 6² equivalent to x²+ (y-3)² = 36

Therefore, option A is the correct answer.

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find the average of the numbers 11, 20, 13, and 16

Answers

The average of the numbers 11, 20, 13, and 16 is 15

Why is average called mean?

The average may be calculated by dividing the total number of values by the sum of all the numbers. An average of the values in a sample of data may be used to determine a mean. In other words, the arithmetic mean is another name for an average. A mean is a term used to describe the average.

Why do we calculate the average?

Finding an average helps us understand a general pattern of behavior or trend. For example, knowing Mrs. Mansell's average shopping expenditure helps us understand whether she typically spends a lot or little money, and knowing Keiran's average spelling score helps us understand how proficient he typically is.

In the above question:-

The average of the numbers 11, 20, 13, and 16  is

15

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I don't understand this, USE YOUR SKILLS AND HELP MEEEEEEEEEEEEEEEEEEEEEEEEEE

Answers

The required cost of the construction of a 4.5-inch tower is the amount of $114.75.

What is the Multiplication operation?

In mathematics, Multiplication operations perform Multiplying values on either side of the operator.

For example 4×2 = 8

The cost of construction is $25.50 per inch.

We have to determine the amount it costs to fund 4.5 inches of the construction.

As per the question, we have

The cost of construction is $25.50 per inch.

The cost of 4.5 inches of construction would be:

= 25.50 × 4.5

Apply the multiplication operation, and we get

= $114.75.

Thus, the required cost of the construction is $114.75.

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help me, it’s emergentttt

Answers

Answer:

Step-by-step explanation:

82

56,259 divided 57=i ?

Answers

Answer:

987

Step-by-step explanation:



57√56259= 987

Answer:

987

Step-by-step explanation:

56259 ÷ 57 = 987

Elijah currently owes a total of $2,127.50 on his revolving credit accounts. What is Elijah's debt-to-credit ratio if the total of his revolving credit limits is $5,750.00? Round the final answer to the nearest whole percent.

a
27%

b
37%

c
41%

d
50%

Answers

Answer: Elijah's debt-to-credit ratio is 37%.

Step-by-step explanation:

Elijah's debt-to-credit ratio is the ratio of the amount of money he owes to the total amount of credit he has available.

To calculate the debt-to-credit ratio, we need to divide the amount of debt by the total amount of credit, and then multiply by 100 to get the answer in percentage.

Debt = $2,127.50

Credit = $5,750.00

Debt-to-credit ratio = (Debt / Credit) * 100

Debt-to-credit ratio = (2127.50 / 5750) * 100 = 37.29 ~ 37%

So the answer is: b) 37%

Write 3 6/7as an improper fraction

Answers

Answer:

27/7

Step-by-step explanation:

First, note that 3 6/7 is a mixed number, also know as mixed fraction. It has a whole number and a proper fraction. The numbers in the mixed fraction are defined as follow:

3 = whole number

6 = numerator

7 = denominator

To convert mixed number 3 6/7 to improper fraction, you follow these steps:

Multiply the whole number by the denominator

3 × 7 = 21

Add the product from Step 1 to the numerator

21 + 6 = 27

Write answer from Step 2 over the denominator

27/7

The mixed number 3 6/7 converted to improper fraction is therefore :

27/7

Answer:

27/7

Step-by-step explanation:

Please look at the picture and answer the question thank you

Answers

Value of the expression 10z + 5w is 40.

What is expression?

Expressions in math are mathematical statements that have a minimum of two terms containing numbers or variables, or both, connected by an operator in between. The mathematical operators can be of addition, subtraction, multiplication, or division.

For example, x + y is an expression, where x and y are terms having an addition operator in between.

Given expression

10z + 5w

z = 3

w = 2

Substituting value of z and w in the expression

10z + 5w = 10(3) + 5(2)

⇒ 10z + 5w = 30 + 10

⇒ 10z + 5w = 40

Hence, 40 is the value of the expression 10z + 5w.

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A toy rocket is launched from the ground at an angle of 45° and an initial velocity of 100 feet
per second. How far does the rocket travel in the air before hitting the ground?

A. 170.7 ft
B. 213.4 ft
C. 312.4 ft
D.423.1 ft

Answers

[tex]\textit{Horizontal Range}\\\\ R=\cfrac{(v_0)^2\cdot \sin(2\theta )}{g} ~~ \begin{cases} v_o=\textit{initial velocity}\\ \theta =\textit{initial angle}\\ g=gravity\\[-0.5em] \hrulefill\\ v_o=100\\ \theta =45^o\\ g\approx 32~\frac{ft}{s^2} \end{cases}\implies R\approx\cfrac{(100)^2 \sin(2\cdot 45^o)}{32} \\\\\\ R\approx\cfrac{10000\sin(90^o)}{32}\implies R\approx\cfrac{10000(1)}{32}\implies R\approx 312.5~ft[/tex]

If job growth in your state is projected to be 7 percent and you have 16,000,000 workers, how many new jobs would be created?
If job growth in your state is projected to be 7 percent and you have 16,000,000 workers, how many new jobs would be created?

Answers

Answer:

Step-by-step explanation:

The number of new jobs that would be created would be 1,120,000. This is calculated by multiplying the number of workers (16,000,000) by the projected job growth rate (7%) which equals 1,120,000.

Percious bought one goldfish for $32 and one star fish for $12. She spends the rest of her money on guppies. She starts with $80 and each guppy costs$6. Write an inequality for the number of guppies she can purchase

Answers

Answer:

Let x be the number of guppies Percious can purchase.

We know that the total cost of the goldfish, starfish and guppies is less than or equal to $80.

We can use this information to write an inequality:

32 + 12 + 6x <= 80

This inequality represents the total cost of the goldfish, starfish, and guppies.

By solving this inequality we can find the number of guppies Percious can purchase.

To solve this inequality, we can first simplify it by combining like terms:

44 + 6x <= 80

Then we can subtract 44 from both sides:

6x <= 36

And finally, we divide both sides by 6:

x <= 6

So, Percious can purchase a maximum of 6 guppies if she wants to spend all of her money.

x is less than or equal to 6.

Step-by-step explanation:

Let x be the number of guppies Percious can purchase.

We know that the total cost of the goldfish, starfish and guppies is less than or equal to $80.

We can use this information to write an inequality:

32 + 12 + 6x <= 80

This inequality represents the total cost of the goldfish, starfish, and guppies.

By solving this inequality we can find the number of guppies Percious can purchase.

To solve this inequality, we can first simplify it by combining like terms:

44 + 6x <= 80

Then we can subtract 44 from both sides:

6x <= 36

And finally, we divide both sides by 6:

x <= 6

So, Percious can purchase a maximum of 6 guppies if she wants to spend all of her money.

x is less than or equal to 6.

A radio tower is located 300 feet from a building. From a window in the building, a person determines that the angle of elevation to the top of the tower is 21° and that the angle of depression to the bottom of the
tower is 20°. How tall is the tower?

Round your answer to 2 decimal places as needed.

Answers

Answer:

We can use the tangent function to solve for the height of the tower. The tangent of an angle is the ratio of the opposite side to the adjacent side in a right triangle.

First, we'll find the opposite side (the height of the tower) using the angle of elevation:

tan(21°) = opposite / 300

opposite = 300 * tan(21°)

Then we'll find the opposite side (the depth of the base of the tower below the window) using the angle of depression:

tan(20°) = opposite / 300

opposite = 300 * tan(20°)

Now we can add the two opposite sides we found to get the total height of the tower

height = opposite(elevation) + opposite(depression)

height = 300 * tan(21°) + 300 * tan(20°)

The angle should be converted to radians before using the tangent function, and the final answer should be rounded to 2 decimal places.

Step-by-step explanation:

Paolo wrote the following equation for the perimeter of a rectangle.

uppercase P = 2 (l + w)

Which equation is equivalent to the equation Paolo wrote?
w = uppercase P minus 2 l
2 = uppercase P minus l
w = StartFraction uppercase P minus 2 l Over 2 EndFraction
w = StartFraction uppercase P + 2 l Over 2 EndFraction

Answers

The equivalent equation to Paolo's equation is,

w = Start Fraction uppercase P minus 2l Over 2 End Fraction.

What is algebraic operation?

A basic algebraic operation in mathematics is any of the common arithmetic operations, such as addition, subtraction, multiplication, division, raising to a whole number power, and taking roots (fractional power).

Multiplication and division tasks should be completed first from left to right, followed by addition and subtraction tasks from left to right.

Given:

uppercase P = 2 (l + w)

Simplifying this,

uppercase P = 2l + 2w

Subtract 2l from both sides,

uppercase P - 2l = 2l  + 2w - 2l

uppercase P - 2l = 2w

Divide both sides by 2,

(uppercase P - 2l) / 2 = 2w / 2

(uppercase P - 2l) / 2 = w

Hence, the equivalent equation to Paolo's equation is,

w = Start Fraction uppercase P minus 2l Over 2 End Fraction.

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This graph shows the solutions to the inequalities y> x+2 and y< x-3.
Does the system of inequalities have solutions? If so, which region contains
the solutions?
A
B
C
O There are no solutions.
OB. There are solutions, and they are the points in region C.
OC. There are solutions, and they are the points in region B.
OD. There are solutions, and they are the points in region A.

Answers

The system of inequalities y > x + 2 and y < x - 3. when solved will not have solutions

A. There are no solutions

When will system of linear equations not have a solution?

When the graphs meet at a point, a system of linear equations has just one solution.

No solution, When the graphs are parallel, a system of linear equations cannot have a solution.

examining the system of linear equations y > x + 2 and y < x - 3, the slope of the two linear functions are equal with a value of 1.

Because of this, the equations will not intersect and the lines are said to be parallel and no solution expected

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steps to solve 5x+2y=9 when x+y=-3

Answers

The simultaneous equation 5x + 2y = 9 and x + y = -3 is solved by elimination method as follows

How to solve the simultaneous equation

There are various methods of solving simultaneous equation however for this problem we solve with elimination method

The equation is 5x + 2y = 9 and x + y = -3

multiply x + y = -3 by 2

2x + 2y = -6

subtract 2x + 2y = - 6 from 5x + 2y = 9

5x + 2y = 9

2x + 2y = - 6

this will result to 3x = -15

solve for x by dividing by 3

x = -5

substitute x = -5 to x + y = -3

-5 + y = -3

y = -3 + 5

y = 2

hence x = -5 and y = 2

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according to the bohr model of the atom, the single electron of a hydrogen atom circles the nucleus... Which period occurred after the extinction of the dinosaurs? Mr. uttersons internal conflict is that he is afraid of mr. jekyll. distrusts his own judgment. misses sir danvers. is upset he will be in the news. Calculate the magnitude of the resultant moment exerted at O, for the configuration given in the Figure. The magnitude of F1 is F1=4N. Provide your answer in Newtons.meters (N.m). n this installation each winding is using tap 5. assuming tap 5 has been selected to correct the incoming supply voltage, which tap choices left can correct for a future voltage increase on the feeder? How is Gatsby described at first? glass lake, located in a valley in low forested mountains, for many decades of the 19th and early 20th centuries was a favorite picnic, recreation, and fishing site for people in surrounding towns and farms. the use of chemical fertilizers and pesticides increased several-fold by the end of the century. in addition, the combined population of the lakeside villages quadrupled during the same time. the lake experienced an overgrowth of algae, and a slow degradation of water quality and biodiversity. sport fishing declined, and the lake became murky, while the sediments in the lake increased in depth. the symptoms of the lake suggest . how fast are we traveling around the galaxy, in km/hr ? express your answer in kilometers per hour to three significant figures. What is the solution to this problem-9(-+4u-3) what is the reciprocal of 12/5 in fraction form can you help me with that? Why was it so important for the United States to defeat Japanese at Midway? work out for brainliest Which of the statements is accurate with regard to state centralization in Central and Eastern Europe during the 17th and 18th centuries? A. Brandenburg-Prussias leadership strengthened its control through the establishment of a bureaucracy, comprised of a landed aristocracy with links to the military. B. Of the major Central and Eastern European powers, only Austrias rulers succeeded in creating robust systems of central authority. C. Russias rulers were able to wrest power from the nobility and build a huge standing army with only a small investment from the state treasury A baby weigh 3. 35 kilogram at birth. Suppoe the baby' weight contantly increae every two month by 1. 2 kilogram, what i hi weight in the ame unit in the 6th month? your company considers running a marketing campaign to increase sales. the spending budget is $200,000 on the campaign. the unit variable cost of the product includes two parts: labor cost $20, and material cost $30. the sale price is set at $150. how much incremental sales needs to be achieved in order to break even this campaign? to select more than one object at a time on a slide, which key do you press while you click the objects? a. tab b. shift c. ctrl d. alt Whats the answer ? Please help tri-state mill uses a special sander to finish lumber. data on the sander and its usage follow. cost driver rate cost driver volume resources used energy $ 0.90 per machine-hour 6,000 machine-hours repairs $ 16.00 per job 600 jobs resources supplied energy $ 6,900 repairs 12,000 sales revenue from finishing totaled $30,000. required: a. prepare a traditional income statement. b. prepare an activity-based income statement. Modernization theory describes the _____ as when people's lives are built around families and local communities.Choose matching definitionTake off stageTraditional stageHigh mass consumptionDrive to technological maturity