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.
Landlords 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
According to Horowitz, Horowitz & Associates, the value of a claim under the Illinois Workers' Compensation Act is calculated based on five factors: the reported level of impairment, the occupation of the injured employee, the age of the employee at the time of the injury, the employee's future earning capacity and the evidence of disability in the medical records. No single factor can be used to calculate a value.Full Answer >
The weight of an I-beam is calculated by taking the weight per meter (or foot) value and multiplying it by the total length of the beam. The weight per unit value is usually provided by a steel beam manufacturer.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 >