Question

Digby's turnover rate for this year is 6.28%. This rate is projected to remain the same...

Digby's turnover rate for this year is 6.28%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Digby 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 Digby next year? Select: 1 $194,842 $177,129 $230,268 $212,555

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Answer #1

We have to calculate the Total recruiting cost be for digby next year,

Total recruiting cost = Total amount+ Increase in cost

Where,

Additional amount = 1000+500*4 = $3,000

Let us taken Number of employees left the job are 67.

Total amount = 3000*67 = 201,000

Now,

Increase in cost = 201,000 *6.28%

Increase in cost = 12,622.8

Total recruiting cost = 201,000 + 12,622.8

Total recruiting cost = 213622.8

Therefore,

The answer is approximately equals to Option-D

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