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?\n\nrecruitment costs\ninterview costs: $2,000 per person\njob posting fee: $1,000\n1st year fee: 10%\nreal estate fee: 6% of sales price\nshipping fee: $4,000\nfamily travel cost: $400 per person

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?\n\nrecruitment costs\ninterview costs: $2,000 per person\njob posting fee: $1,000\n1st year fee: 10%\nreal estate fee: 6% of sales price\nshipping fee: $4,000\nfamily travel cost: $400 per person

Answer

Explanation:

Step1: Calculate interview costs

There are 4 candidates (the hired - one and 3 others). Interview cost per person is $2,000. So, interview costs = $2,000×4 = $8,000.

Step2: Identify job posting fee

Job posting fee is $1,000.

Step3: Calculate 1st - year fee

The salary is $140,000. 1st - year fee = 10% of $140,000 = 0.1×$140,000 = $14,000.

Step4: Calculate real - estate fee

The house is sold for $350,000. Real - estate fee = 6% of $350,000 = 0.06×$350,000 = $21,000.

Step5: Identify shipping fee

Shipping fee is $4,000.

Step6: Calculate family travel cost

The family has 4 people. Family travel cost = $400×4 = $1,600.

Step7: Calculate total recruiting expense

Total recruiting expense = interview costs+job posting fee + 1st - year fee+real - estate fee+shipping fee+family travel cost = $8,000 + $1,000+$14,000+$21,000+$4,000+$1,600 = $49,600.

Answer:

$49,600