Time-apportion: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
||
| Line 3: | Line 3: | ||
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: | 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 | One month period: | ||
11 months period: EUR 100,000 x 335/365 = EUR 91,781 | |||
EUR 100,000 x 30/365 | |||
= EUR 8,219 | |||
11 months period: | |||
EUR 100,000 x 335/365 | |||
= EUR 91,781 | |||
== See also == | == See also == | ||
* [[Apportion]] | * [[Apportion]] | ||
Revision as of 14:30, 22 November 2014
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
