The definition of a datum is a fact used to make a conclusion or a point of reference in geography or geology. An example of a datum is a new scientific discovery used to reach a conclusion about the common cold.
How do you estimate minimum cash balance for the company? 2 ways I heard about are: 1) keep it equal to cash balance on B/S and 2) based on Net Working Capital. Is any of those methods preferred? Is there any other school of calculation that? And, if NWC method, then what exactly do you include in calculation (like include or excl.
Minimum Opening Balance: $1,000; Must also have a Commercial Checking Account as this activity in this account will be consolidated with the activity in the checking account for analysis service charge. Up to six transfers from the Money Market Savings to the Checking Account may be made each month by telephone authorization.