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.
Generally, your Minimum Payment Due is first applied to balances with lower APRs and then to balances with higher APRs. Usually, the opposite can be said for any payment amount in excess of your Minimum Payment Due, which is applied to balances with higher APRs first, and then to balances with lower APRs.