a company hires an employee with a family of 4 for a salary of $120,000 over 3 other candidates. if the…

a company hires an employee with a family of 4 for a salary of $120,000 over 3 other candidates. if the employee sold her house for $350,000, what is the total recruiting expense?\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 $120,000 over 3 other candidates. if the employee sold her house for $350,000, what is the total recruiting expense?\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 (1 + 3=4) candidates. Interview cost per person is ($2000). So interview cost (=4\times2000=$8000)

Step2: Calculate job - posting fee

Job - posting fee is ($1000)

Step3: Calculate 1st - year fee

1st - year fee is (10%) of the salary. Salary is ($120000). So 1st - year fee (=0.1\times120000=$12000)

Step4: Calculate real - estate fee

Real - estate fee is (6%) of the house - selling price. House - selling price is ($350000). So real - estate fee (=0.06\times350000=$21000)

Step5: Calculate shipping fee

Shipping fee is ($4000)

Step6: Calculate family - travel cost

Family has 4 people. Family - travel cost per person is ($400). So family - travel cost (=4\times400=$1600)

Step7: Calculate total recruiting expense

Total recruiting expense (=) interview cost (+) job - posting fee (+) 1st - year fee (+) real - estate fee (+) shipping fee (+) family - travel cost. [ \begin{align*} &8000 + 1000+12000+21000+4000+1600\ =&(8000 + 1000)+12000+21000+(4000 + 1600)\ =&9000+12000+21000+5600\ =&(9000 + 12000)+21000+5600\ =&21000+21000+5600\ =&42000+5600\ =&47600 \end{align*} ]

Answer:

(47600)