A:### Quick Answer

**Prorated amounts are calculated by dividing the cost of a service by the number of days in the service period, according to Lucas Hall from Landlordology.** The resulting number is then multiplied by the number of days the service is used to find the prorated amount.

The term "prorate" comes from the Latin "pro rata," which means "in proportion," according to Wikipedia. Prorated amounts typically apply to rent, insurance and other services that are paid for a specified time period. When an insurance policy is canceled, the prorated amount due is calculated by dividing the number of days used in the policy period by the total number of days for the policy. The result is multiplied by the policy premium to calculate the prorated amount due.

Learn more about Financial Calculations- Q:
## How do you calculate interest on loans?

A:

Full Answer >**Loan interest rates can be calculated with a loan amortization calculator and by knowing whether interest rates are fixed or variable, according to About.com.**These methods can help borrowers understand their monthly payments, how much of the payment consists of interest, and how much future payments are.Filed Under: - Q:
## How do I calculate how much I make an hour?

A:

Full Answer >**The hourly rate of pay is calculated by dividing the gross salary for a specific period by the number of hours worked in that same period.**Gross salary is the amount earned prior to any deductions.Filed Under: - Q:
## How do I calculate capital gains yield?

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Full Answer >**The capital gains yield of a stock can be calculated by dividing the change in price of the stock after the first period by the original price.**Investopedia explains that the formula for this is (P1 - P0) / P0, where P1 equals the original price paid and P0 equals the price after the first period.Filed Under: - Q:
## How do you calculate gross sales?

A:According to AccountingTools, gross sales are calculated by adding up the revenue from all sales transactions without taking into account any costs. This is in contrast to net sales, which subtract costs like operating expenses or taxes.

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