Ultimarad t1_j9zi1pz wrote on February 25, 2023 at 6:37 PM

This is the correct way to do it.

Dom29ando t1_ja0o44y wrote on February 25, 2023 at 11:30 PM

Wouldn't that be 4.3333 weeks to a month then?

hotplasmatits t1_ja1nx1i wrote on February 26, 2023 at 4:17 AM

I just made the same comment

Alittlemoorecheese t1_ja09dd8 wrote on February 25, 2023 at 9:42 PM

This is the professional tip. It's agreed upon by every single market. Calculating it any other way does not make your books more accurate.

StelioZz t1_j9zmzfo wrote on February 25, 2023 at 7:09 PM

365/7/12 if you want to go a step further

peppa-pig_ t1_ja0ucrs wrote on February 26, 2023 at 12:17 AM

365.25 / 7 / 12

r2k-in-the-vortex t1_ja0lcq1 wrote on February 25, 2023 at 11:09 PM

365.2425/7/12 = 4.348125 would be the correct calculation by that logic, but I think it's a stupid calculation.

You agree on a price or wage or whatnot by day, week, month whatever and you need to calculate it the way you write the agreement, converting it makes no sense.

If you have rent X/month, you can't pay less just because it's February.

pork0rc t1_j9ztjgu wrote on February 25, 2023 at 7:53 PM

Ah yes.

The micro budget for when you want to live dangerously.

hotplasmatits t1_ja1nu9g wrote on February 26, 2023 at 4:16 AM

Yeah, so where does 4.345 come from? The answer is 4.333

Kelli217 t1_ja1sp0q wrote on February 26, 2023 at 5:02 AM

Maybe because there are actually 52.142857 weeks in a year (52.285714 in a leap year).

LPT: When calculating something such as rent or pay, a month is 4.345 weeks

pork0rc t1_j9zc62l wrote on February 25, 2023 at 5:58 PM