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.
Pay Off the Smallest Balance First. If you have several credit cards with various balances, this might be the way to go. Take the account with the smallest balance and pay double, triple monthly payments, whatever you can afford each month, all while continuing to make the minimum payment on your other credit cards.