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.
Here's how it works: 1  Say your credit card statement balance is $3,000 and your minimum payment due is $20. 2  You submit your minimum payment on time and make no new charges on the card. 3  During the next billing cycle, the amount of interest accrued on the card balance is $95.