Rent per calendar month is calculated by taking a provided value for rent per week and first converting to rent per year. Then, the rent per year is converted into rent per month.
Know MoreLandlords usually accept rent payments from tenants once per month. However, in some cases, apartment rents are advertised in blocks of time other than full months, necessitating a few mathematical conversions. When rent is advertised as a weekly price, multiplying by 52 gives a yearly price. Dividing the yearly price by 12 gives the monthly price. Given a rent of $200 per week as an example, $200 times 52 and then divided by 12 gives a monthly rent of $866.67.
Learn more about Household BudgetsChinese overtime is calculated at half of the employee's hourly wage for that week. Chinese overtime is also referred to as the "half-time method" of calculating overtime. A more professional and politically correct term is the fluctuating work week, or FWW, method.
Full Answer >A pro rata salary is calculated by dividing someone's annual, full-time salary by any portion of an employment period that is less than a year, according to Discovering People. For example, if a full-time employee makes $52,000 per year, the pro rata salary for one week is $1,000 because there are 52 weeks in a year. Divide $1,000 by 40 hours per week, and the hourly wage is $25.
Full Answer >FTE can be calculated by dividing the total labor hours for exactly one year by the number 2,080, which represents how many hours one full-time employee works in a year. The acronym FTE stands for full-time equivalent and is the equivalent of one employee working full-time at a company.
Full Answer >Rent per square foot is calculated by dividing the rent amount by the number of square feet rented. Using the annual rental amount produces the cost of square foot per year, while using the monthly rental amount produces the cost of square foot per month. This calculation is solely for office or retail spaces. The rent per square foot calculation is different for industrial buildings.
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