A company hires an employee with a family of 3 for a salary of $160,000 over 3 other candidates. If the employee sold her house for $370,000, 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 A. $50,400 B. $52,400 C. $51,600 D. $46,400
A company hires an employee with a family of 3 for a salary of $160,000 over 3 other candidates. If the employee sold her house for $370,000, 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 A. $50,400 B. $52,400 C. $51,600 D. $46,400
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A company hires
an employee with a family
of 3 for a salary of $160,000
over 3 other candidates. If
the employee sold her
house for $370,000, 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
A. $50,400
B. $52,400
C. $51,600
D. $46,400
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Expert Solution
Step 1
Recruiting costs are the costs that are incurred by the company in hiring and training new employees. In other words, interview costs, hiring costs, job posting fees, shipping fees, training costs, and so on come under the head of recruiting costs.
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