The formula to calculate the Invoicing Factor is:
\[ IF = \frac{F}{IA} \times 100 \]
Where:
The Invoicing Factor is a percentage that represents the ratio of the total fee paid to the total invoice amount. It is calculated by dividing the total fee paid by the total invoice amount and then multiplying by 100. This factor is useful for understanding the proportion of fees relative to the invoice amount.
Example 1:
Calculation:
\[ IF = \frac{200}{1000} \times 100 = 20 \% \]
Example 2:
Calculation:
\[ IF = \frac{150}{750} \times 100 = 20 \% \]
