Novi Discount Brokers hired Wall Street Search Service to locate candidates for the position for investment bonds
manager. The agency's fee is 25% of the first year's salary. Expenses were:
advertising $12,816.40; moving expenses $15,419; real estate broker's fee of
7% on the selling price of a $549,000 home. Novi Interviewed three people:
Hakeem applied through the agency. His travel cost were $1,948.75. Nancy
answered the advertisement. Her travel costs were $1,516.40. Henry
applied through the agency. His travel cost were $1,671.80. Henry was hired
at an annual salary of $254,760 with a $40,000 signing bonus that is NOT
considered part of his salary. What was the total recruiting cost? *