Question

Chesters turnover rate for this year is 6.3%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the$1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for chester next year?a-$163,990b-$178,898c-$149,806d-193,806

Answer 1

Answer:

d-193,806

Explanation:

Please see attachment

Answer 2

Based on Chester's turnover rate and the additional cost of recruiting, the total recruiting cost for Chester would be D. $193,806.

The total recruiting cost for Chester can be found by the formula:
= (Recruiting base spending + Current year spending + Additional spending) x Number of employees next year

Number of employees next year:

= Current employee number x Turnover rate

= 468 x 6.3%

= 29.484

Recruiting cost is:

= (1,000 + 5,000 + 500) x 29.484

= $193,806

In conclusion, option D is correct.

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