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.
After you've met the minimum payment on your other accounts, put a lump sum payment toward your balance with the highest interest rate until it's paid off. Of course, if your goal is to get out of debt completely, you should evaluate your credit card interest rates along with the interest rates of your other debt.