Let's break down the total recruiting expense step-by-step. We have several components that contribute to the overall cost.
1. Interview Costs:
The company interviewed 3 candidates, and the cost per interview is \$2,000.
[tex]\[
\text{Total interview cost} = 3 \times 2000 = 6000
\][/tex]
2. Job Posting Fee:
The cost of posting the job is \$1,000.
[tex]\[
\text{Job posting fee} = 1000
\][/tex]
3. First Year Fee:
The first-year fee is calculated as 10% of the annual salary, which is \$140,000.
[tex]\[
\text{First year fee} = 0.10 \times 140000 = 14000
\][/tex]
4. Real Estate Fee:
The real estate fee is 6% of the house sale price, which is \$310,000.
[tex]\[
\text{Real estate fee} = 0.06 \times 310000 = 18600
\][/tex]
5. Shipping Fee:
The cost to ship belongings is \$4,000.
[tex]\[
\text{Shipping fee} = 4000
\][/tex]
6. Family Travel Cost:
The travel cost is \$400 per person, and the family consists of 5 members.
[tex]\[
\text{Total family travel cost} = 5 \times 400 = 2000
\][/tex]
Now we sum all these costs to find the total recruiting expense:
[tex]\[
\text{Total recruiting cost} = \text{Interview cost} + \text{Job posting fee} + \text{First year fee} + \text{Real estate fee} + \text{Shipping fee} + \text{Family travel cost}
\][/tex]
[tex]\[
= 6000 + 1000 + 14000 + 18600 + 4000 + 2000
\][/tex]
[tex]\[
= 45600
\][/tex]
So, the total recruiting expense is \$45,600.
