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JOB DESCRIPTION Job TitleCommercial Events SpecialistSalary Range21,840 24,500 basic per annum pro rata (35 hour week) (successful candidates will start at the base point of the above salary)Hours
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Understand the total amount being distributed or allocated.
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Determine the proportion or percentage that each individual or entity is entitled to.
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Pro rata is a Latin term that means 'in proportion.' It refers to a method of allocating or distributing an amount based on a specified ratio.
Individuals or businesses that need to allocate expenses, income, or benefits proportionally among multiple parties typically file pro rata figures.
To fill out pro rata calculations, determine the total amount to be allocated, identify the specific share each party is entitled to, and calculate the amount by multiplying the total by each party's percentage.
The purpose of pro rata is to ensure fair distribution of costs, profits, or benefits among stakeholders based on their respective shares or contributions.
The report should include the total amount being allocated, the method of calculation, the parties involved, and the specific amounts assigned to each party.
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