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.
The minimum payment is usually based on one of three things: a flat minimum dollar amount, such as $35; a percentage of your new balance â usually a small percentage, such as 2%; or your interest charges and late fee plus a flat dollar amount, such as $20.owever, if your statement balance is smaller than the lowest of these calculations â if your balance is $12, for example â then your minimum payment will be the same as your balance.