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.
Using the snowball method you would: 1  Focus on paying off the $1,685 balance first, throwing as much money as possible toward this loan. 2  Pay the minimum on your $8,941 loan. 3  Pay the minimum on your $15,632 loan.