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.
Hypothetical credit card balance. Any payment amount left over after the minimum payment is applied must go toward the $500 balance from the cash advance because it has the highest interest rate. Once that's paid off, any excess payment will go to the $200 balance because it carries the next highest rate, even though it's a smaller balance.