Apportion: Difference between revisions
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To allocate a money amount on a time basis. | To allocate a money amount on a time basis. | ||
For example | For example | ||
One month period: EUR 100,000 x 30/365 = EUR 8,219 | total profits of EUR 100,000 for a period of one year (365 days) consisting of a one month (30 days) period and an 11 months (335 days) period would be time-apportioned as follows: | ||
11 months period: EUR 100,000 x 335/365 = EUR 91,781 | |||
One month period: | |||
EUR 100,000 x 30/365 | |||
= EUR 8,219 | |||
11 months period: | |||
EUR 100,000 x 335/365 | |||
= EUR 91,781 | |||
(This is also known as 'time-apportionment'.) | (This is also known as 'time-apportionment'.) | ||
Revision as of 13:55, 20 September 2014
1. To allocate a money amount on a time basis.
For example
total profits of EUR 100,000 for a period of one year (365 days) consisting of a one month (30 days) period and an 11 months (335 days) period would be time-apportioned as follows:
One month period:
EUR 100,000 x 30/365
= EUR 8,219
11 months period:
EUR 100,000 x 335/365
= EUR 91,781
(This is also known as 'time-apportionment'.)
2.
To allocate a money amount on any other systematic basis.
For example, to allocate the total costs of a shared building on the basis of floor areas.
3.
To allocate any amount on a systematic basis.
