Time-apportion

To allocate a money amount on a time basis.

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:

= 100,000 x 30 / 365

= EUR 8,219

11 months period:

= 100,000 x 335 / 365

= EUR 91,781

See also

• Apportion