131k views
0 votes
Which of the following best expresses the statutory method of proration?

A.Yearly charge / 360 days
B.Yearly charge / 365 days(366 in leap year)
C.Yearly charge / 12 months
D.Yearly charge / 52 weeks

1 Answer

3 votes

Final answer:

The best expression of the statutory method of proration is Yearly charge / 365 days (366 in leap year). Hence the correct answer is option B

Step-by-step explanation:

The best expression of the statutory method of proration is option B: Yearly charge / 365 days (366 in leap year). The statutory method of proration is used to allocate charges over a specific period of time, such as a year. This method divides the yearly charge by the number of days in the year to determine the daily charge.

User Feroz Siddiqui
by
8.4k points