To determine the total recruiting expense for a company that hires an employee with a family of 3, the breakdown of costs will be calculated step-by-step:
1. Interview Costs:
Given the interview cost per person is [tex]$\$[/tex]2,000[tex]$ and there are 4 people (the employee and three other candidates):
\[
\text{Interview Costs} = 4 \times \$[/tex]2,000 = \[tex]$8,000
\]
2. Job Posting Fee:
The job posting fee is a one-time cost:
\[
\text{Job Posting Fee} = \$[/tex]1,000
\]
3. First Year Fee:
The first-year fee is 10% of the salary. The salary is [tex]$\$[/tex]140,000[tex]$:
\[
\text{First Year Fee} = 0.10 \times \$[/tex]140,000 = \[tex]$14,000
\]
4. Real Estate Fee:
The real estate fee is 6% of the house sale price. The house sale price is $[/tex]\[tex]$300,000$[/tex]:
[tex]\[
\text{Real Estate Fee} = 0.06 \times \$300,000 = \$18,000
\][/tex]
5. Shipping Fee:
The shipping fee is another one-time cost:
[tex]\[
\text{Shipping Fee} = \$4,000
\][/tex]
6. Family Travel Cost:
The family consists of 3 people, and the travel cost per person is [tex]$\$[/tex]400[tex]$:
\[
\text{Family Travel Cost} = 3 \times \$[/tex]400 = \[tex]$1,200
\]
Finally, summing up all the individual costs:
\[
\text{Total Recruiting Expense} = \$[/tex]8,000 + \[tex]$1,000 + \$[/tex]14,000 + \[tex]$18,000 + \$[/tex]4,000 + \[tex]$1,200 = \$[/tex]46,200
\]
Therefore, the total recruiting expense for the company is \$46,200.
