splitting profit into shares



Section A


example


commercial fishing vessel


	100 shares, owner of the ship

	1 share, each deck hand



voyage 12/03/1009

	3 deck-hands


	$150,000 value of catch


	
	total shares = 103


	value per share = 150000 / 103


	= 1456.3106


	hands
		= 1 x 1456.3106

		= $1,456


	captain

		= 100 x 1456.3106

		= $145,631


Section B



	value per share = total amount / number of shares



	value per person = number of shares that person X value per share




e.g.


	total amount	$500,000

	number of shares	210

	value per share = 500000 / 210

			= 2380.9523



	person 1 (2 shares)

		= 2 x 2380.9523

		= $4,761



Section C



Rounding

suggested 4 decimal places

	for value per share 


dollars only, ignore cents


drop extra digits after the amount


Individual amounts may not add up to the total due to the extra cents or part cents,

	missing amounts should be added to cost of fuel etc.


e.g


example 1

		$145,631
		  $4,761
		  $4,761
		  $4,761

	total   $149,999


the extra $1 can be added into general costs or other use


