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. Which of the following describes a proportional relationship?

A. Johnathan opens a savings account with an initial deposit of $150 and deposits $125 per month
B. Bruce pays his employees $12 per hour worked during the month of December, as well as a $250 bonus
C. Alvin pays $28 per month for his phone service plus $0.07 for each long-distance minute used
D. Kevin drives 65 miles per hour

Correct answer: A

Rationale: A proportional relationship is one in which two quantities vary directly with each other. In choice A, the amount deposited per month is directly proportional to the initial deposit. The relationship can be represented as y = 125x + 150, where x is the number of months and y is the total amount in the account. Choices B and C involve additional fixed amounts or variable costs that do not maintain a constant ratio, making them non-proportional relationships. Choice D refers to a constant speed of driving, which is not a proportional relationship as it does not involve varying quantities that change in direct proportion.

3. Robert scores three new clients every eight months. After how many months has he secured 24 new clients?

A. 64
B. 58
C. 52
D. 66

Correct answer: A

Rationale: To find out the number of months needed to secure 24 new clients, you can set up a proportion: 3 clients / 8 months = 24 clients / x months. Cross multiplying gives you 3x = 24 * 8. Solving for x: 3x = 192, x = 192 / 3, x = 64. Therefore, Robert will secure 24 new clients after 64 months. Choice A is correct. Choice B (58), Choice C (52), and Choice D (66) are incorrect as they do not align with the correct calculation based on the given proportion.

4. Which of the following is the correct simplification of the expression below? 12 ÷ 3 × 4 - 1 + 23

A. 6
B. 21
C. 38
D. 23

Correct answer: C

Rationale: The correct order of operations dictates solving division and multiplication before addition and subtraction. Therefore, following the order: (12 ÷ 3) × 4 - 1 + 23 = 4 × 4 - 1 + 23 = 16 - 1 + 23 = 38. Choice A (6) results from adding and subtracting before division and multiplication. Choice B (21) results from incorrect placement of parentheses. Choice D (23) is the last number in the expression and does not reflect the cumulative result of the operations.

5. What is the result when the number 1 is raised to ANY power?

A. One
B. Itself
C. Zero
D. Two

Correct answer: A

Rationale: The correct answer is A: 'One.' When the number 1 is raised to any power, the result is always 1. This is a fundamental mathematical property where any number raised to the power of 0 equals 1. Choices B, C, and D are incorrect. Choice B 'Itself' is vague and does not provide a clear mathematical result. Choice C 'Zero' is incorrect as 1 raised to any power is not zero. Choice D 'Two' is incorrect as the result of raising 1 to any power is always 1, not 2.