if a businesss operating expenses are 130000 per month how much money does the company spend on employee wages and beneits

ATI TEAS 7

TEAS Test Practice Math

1. If a business's operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits?

A. $43,333.33
B. $86,666.67
C. $52,000.00
D. $78,000.00

Correct answer: B

Rationale: To calculate the amount spent on employee wages and benefits, we need to find two-thirds (2/3) of the total operating expenses of $130,000. This equals $86,666.67, which is the correct answer. Choice A ($43,333.33) is incorrect as it represents one-third of the total expenses. Choice C ($52,000.00) and Choice D ($78,000.00) are also incorrect as they do not correspond to two-thirds of the total operating expenses.

2. Kyle has $950 in savings and wishes to donate one-fifth of it to 8 local charities. He estimates that he will donate around $30 to each charity. Which of the following correctly describes the reasonableness of his estimate?

A. It is reasonable because $190 is one-fifth of $950
B. It is reasonable because $190 is less than one-fifth of $1,000
C. It is not reasonable because $240 is more than one-fifth of $1,000
D. It is not reasonable because $240 is one-fifth of $1,000

Correct answer: C

Rationale: Kyle initially had $950 in savings, and one-fifth of that amount would be $190. Since he wishes to donate around $30 to each charity, the total amount he would donate to 8 local charities would be $30 x 8 = $240. This amount is more than one-fifth of $1,000, making the estimate not reasonable. Choice A is incorrect because $190 is the correct one-fifth of $950, not $900. Choice B is incorrect as it compares $190 to a different amount ($1,000) rather than the actual total. Choice D is incorrect as it states that $240 is one-fifth of $1,000, which is inaccurate.

3. Solve for x: 3(x + 4) = 18

A. x = 2
B. x = 4
C. x = 6
D. x = 8

Correct answer: C

Rationale: To solve the equation 3(x + 4) = 18, first distribute the 3 to both terms inside the parentheses: 3x + 12 = 18. Next, isolate the variable x by subtracting 12 from both sides: 3x = 6. Finally, divide by 3 to solve for x, giving x = 6. Choice A, x = 2, is incorrect as the correct solution is x = 6. Choices B (x = 4) and D (x = 8) are also incorrect as they do not satisfy the given equation.

4. In Mrs. McConnell's classroom, there are 14 students with brown eyes and 2 students with green eyes. What is the ratio of students with brown eyes to students with green eyes?

A. 7:1
B. 7:2
C. 14:2
D. 14:1

Correct answer: A

Rationale: The correct answer is A: 7:1. To find the ratio, divide the number of students with brown eyes (14) by the number of students with green eyes (2), which equals 7. Therefore, the ratio of students with brown eyes to students with green eyes is 7:1. Choice B (7:2) is incorrect as it does not accurately represent the ratio of students with brown eyes to green eyes. Choice C (14:2) is incorrect because the ratio should be simplified, and 14:2 simplifies to 7:1. Choice D (14:1) is incorrect as it does not consider the number of students with green eyes.

5. What is the range in the number of houses sold per year?

A. 20
B. 25
C. 29
D. 35

Correct answer: C

Rationale: The range in the number of houses sold per year is calculated by subtracting the minimum number of houses sold from the maximum number of houses sold. In this case, the range is 42 (maximum) - 11 (minimum) = 31, not 29 as stated in the original rationale. Therefore, choice C (29) is incorrect. Choices A (20), B (25), and D (35) are also incorrect as they do not reflect the correct range of houses sold per year, which is 31.