a company hires an employee with a family of 4 for a salary of $140,000 over 3 other candidates. if the…
a company hires an employee with a family of 4 for a salary of $140,000 over 3 other candidates. if the employee sold her house for $350,000, what is the total recruiting expense? recruitment costs interview costs $2,000 per person job posting fee $1,000 1st year fee 10% real estate fee 6% of sales price shipping fee $4,000 family travel cost $400 per person
Answer
Explanation:
Step1: Calculate interview costs
There are 4 candidates (the hired - one and 3 others), so the interview cost is $2000\times4 = 8000$.
Step2: Add job posting fee
The job posting fee is $1000$.
Step3: Calculate 1st - year fee
The 1st - year fee is 10% of the salary. The salary is $140000$, so the 1st - year fee is $0.1\times140000=14000$.
Step4: Calculate real - estate fee
The real - estate fee is 6% of the sales price of the house. The sales price is $350000$, so the real - estate fee is $0.06\times350000 = 21000$.
Step5: Add shipping fee
The shipping fee is $4000$.
Step6: Calculate family travel cost
The family has 4 people, and the family travel cost per person is $400$, so the family travel cost is $400\times4=1600$.
Step7: Calculate total recruiting expense
Add all the costs together: $8000 + 1000+14000+21000+4000+1600=49600$.
Answer:
$49600$