Hi
Could you please tell me if I understand the use of pro rata correctly?
Context: some men in the factory worked for four hours, some for six and others for 8. Everyone was paid as per the number of hours they worked for.
Thanks,
Tom
No. They were paid on an hourly basis. Pro rata is a proportion of some whole amount.
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No.
They were paid on an hourly basis.
Pro rata is a proportion of some whole amount.
Example:
In the unlikely event there is any money left over after all debts are paid, then it will be returned to the shareholders on a pro-rata basis.
If John owns 50% of the shares, he will get 50% of the money left over.
Joan, who has 5% of the shares, gets 5% o