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PDF Editor FAQ

What is a simple way to calculate how much cash you need for an 18 month runway?

Well, the 'simple' way is to simply throw a dart at a dartboard. The real question, of course, becomes, "Will it be accurate?" Nine times out of nine, the answer will be, "No."That's another way of saying, I think your assumption that there is a simple way is problematic.Understanding your cash requirements involves building a financial model from the bottom up.That means having a very detailed vision of the next 18 months both in your head and on paper.One-Time Start Up TasksStartup costs are often difficult to estimate. Unless one is experienced in setting up companies, chances are the first time business owner is learning as he/she goes. It's probably a good idea to consult with accountants or other business owners as to what they went through, so you don't make the common mistakes.What does it take to set up a legal entity? Do you know? If not, find out. The Internet is full of information that will tell you step by step how do this.Normally, setup fees are nominal, but you do require to be registered with certain agencies to do business. If I were setting up a company in California, for example, I'd consider the following required registrations:Internal Revenue Service (federal income tax, payroll)Franchise Tax Board (state income tax)County Clerk (fictitious business name, if applicable)Board of Equalization (sales and use tax)California Secretary of StateLos Anglees County Business Licenseet ceteraIt is probably a good idea for you to consult with an attorney, to draw up the legal paperwork required for you do business, such as Articles of Incorporation, Articles of Organization, Charter, Bylaws, Shareholder Agreements, Form Employment Letters, Non-Disclosure/Convent Not To Compete Agreements, etc. These are generally one-time costs.Let's Start Our ForecastThe best approach, I think, is to start by setting up a simple spreadsheet.Revenue:Your revenue during the first year will be difficult to forecast. I remember my first job (a large, stand-alone retail store). We (meaning everyone who had a hand in the business) predicted $4 million the first year. We eventually came in at $1 million. The extreme difficulty with revenue predictions is that there is no historical track record to form a reasonable basis for your guess. Consumer acceptance, marketing, traffic, price points and a variety of other factors play important roles.You may be developing a business where you'll know it will take two years to get your product to market. If this is the case, the forecasting becomes much easier (notice I did not say 'easy'), as you have guessed this portion of your financial model with 100% accuracy. Zero.I think the best approach when revenue is certain in your immediate future is to guess very conservatively (one of the principles of accounting), when making your estimates. You do not need or want the added pressures of scrambling to raise funds when you're trying to focus on product development. You must do this cautiously, as inventory may be tied to revenue. Buy too little, and you may be losing a lot of upside opportunity. Sometime things, depending on your business, should be monitored ultra carefully.Expenses:Expenses can be broken down into two major classifications; investments into 1) current and long-lived assets and 2) operating expenses.Inventory (Current Assets)If you are a buy-and-sell kind of company (let's say a retailer), inventory will be your greatest concern and the trickiest to forecast. Your purchases during this volatile period will be dependent upon how many units you project you'll be able to move (sell). You'll need to create a month by month inventory planning model which will consider your lead times, costs for inventory purchases, freight and duties (if applicable). The basic formula for this model will be:Beginning Inventoryplus Purchaseminus: Ending Inventory------------------------------equals: Cost of Sales===============Make assumptions on what margins you will achieve, determine your optimal inventory levels for your store, and with a little algebra, you'll be able to derive the cash requirements needed for purchases (i.e., inventory replenishment).Capital Expenditures (Long-Lived Assets)You're starting with nothing and will need to create an intial outlay for the long-term assets used in your business. Close your eyes and picture yourself 18 months from now, running at full speed. What do you see around you?ComputersDesksChairsOffice improvements (flooring, painting, window treatments, construction of offices, lighting, etc.)Company vehicleset ceteraMake a list of everything you'll need (and how many) and start making some phone calls if you haven't a clue how much each cost. Even if you make a reasonable guess, it's always a good idea to just jump on the internet to determine the fair market value of these items, just as a sanity check.Operating ExpensesOperating expenses are called 'period costs' in accounting terms, which mean that the nature of the expense is either consumable in and/or recurring.Examples of operating expenses are:Payroll, related taxes and fringe benefits (including bonus, overtime, and temporary help)RentUtilitiesTelephoneInsuranceOffice suppliesSmall equipment (non capitalizable)Professional services (accounting, legal, consultingAutoBank chargesDues and subscriptionsMeetingsPostage and courierSales promotionTraining and seminarsTravel and entertainmentOperating leasesSecurity and alarmsTaxes and licenseset ceteraMost of these expenses can be reasonably estimated, due to their fixed or non-volatile nature. However, other expenses can be tricky. You may not be ready to hire the 50 people you will eventually need. Most company's ramp up the headcount gradually, based on projected need. If you're not forecasting double your sales from month six to month 12, there is no reason for you to forecast double the payroll (in most cases). Some expenses, such as advertising or credit card fees, will generally be a function of sales, so it makes sense to assign an assumed percentage to those types of expenses.Below is a very rudimentary financial model that took only a few minutes to set up, demonstrating how cash should flow from month to month. Actual is yellow, pink is the forecast.Without a road map such as this, you're flying in the dark and might as well go back to throwing darts.LiquidityIf you are able to do so, it makes sense to arrange for a credit facility (line of credit) in case run into liquidity problems. At a minimum you should have a plan to raising additional capital, if required. If neither of these are viable options, be prepared to adjust your 'vision' (i.e., budget) accordingly. Being insolvent will wreck your plans and paralyze your operations.The above is a very broad-stroke overview of the process, but should be good enough to get you started (sorry I don't have time to write 100 pages that this subject really deserves). Consult an experienced accountant to guide you.Good luck.

What is the onboarding process of Accenture? How many days before they will give DOJ to freshers, fare expense, etc?

First of all, let me congratulate you for getting placed in Accenture. It’s one of the best Multi National Companies to work for. Now I’ll let you know about the entire journey from when you got placed till the day you join the company.So after getting placed, in a few days you will be getting access to the pre-onboard learning materials. These learning materials are very important because they will help you clear the technology fundamentals assessment that I will mention later in this answer. The faster you complete the pre-onboard learning materials, the faster you will get your offer letter. You will get your offer letter about a month before your first day at the company. So make sure you cover your pre-onboard learning modules thoroughly before that day so that you can get sufficient time to revise for the technology fundamentals assessment.Day 1You will be called to one of the Accenture facilities, or hotels for your onboarding. The location will be mentioned in the letter that you got for the date of joining. Take your ID Proof and Address Proof with you (mostly the PAN Card) with you on the date of joining failing which you will not be onboarded. Also carry a xerox copy of your all high school and college marksheets because you have to submit them on that day for verification purposes. You may also sign various agreement forms on that day. This happens for the whole day. You will be provided tea and biscuits in the morning and evening along with a grand buffet lunch in the afternoon.Day 2 and 3These days will be the days of your induction training. For some people this happens before the technology fundamentals assessment and for others it happens after the assessment. Here representatives from various departments like finance, transport etc will come and teach you about how to use the Accenture online tools to mark attendance, register for your transport, update supervisor details, applying for sick leave, vacation leave, etc.Day 4 and 5These days are the days of your personality and soft skills training. Here they teach you how to survive in the company. They will also train you how to shape your behavior according to the expectations of the company. We also had group activities and games which we did with our new friends at Accenture and trust me, I still miss those days.Day 6The fun and frolic comes to an end and it’s time to become serious now. This will be the day when your mock technology fundamentals assessment will be held. This assessment is very important because it will give you an idea as to how to real technology fundamentals assessment will take place. After this finishes, you will have the next half of your day to revise for the main exam.Day 7This will be the day of your main technology fundamentals assessment. You will have to get 60% to pass in this exam. The results are posted a day after you write the exam. After passing trust me, you will have that happiness which you have never felt before in your life. You will immediately be allocated a stream and the venue where the training will take place.Day 9 onwardsYour stream training starts. Focus on the training and make good friends here. These friends are the last set of friends whom you can make during your entire life. So study and enjoy as well.Day 54 (For Java, .NET, Testing) / Day 99 (For Big Data)Your stream training exam starts and you have to score 60% again to clear all the stream training assessments. You will get your project the day after you finish your stream training assessments. Or for some people it’ll take some time.Day 55 / 100 onwardsYou are deployed to projects.

Why did the UK develop its nuclear force as an adjunct to the US nuclear umbrella?

Its a complex story… get your popcornin May 1940 Physicists Fuchs and Peierls correctly calculated the critical mass of Uranium 235 from this (and other research) a project called “Tube Alloys” was started to develop an atomic weapon as the project developed Canada was approached to be the host of various facilities (as they were out of range of German bombing) and the two nation project was born and from it came the means to produce enriched Uranium through Gaseous Diffusion and production of the 51 Kg of enriched Uranium started at ICI Chemicals at Widnes CheshireThe next discovery was that of Plutonium (a man made element) that would form the ideal fissile material for a bomb made at almost the same time in the UK and the USA - from there the rough design of a bomb was createdMeanwhile the USA was dragged into the war and it was quickly decided to pool research and knowledge into a project that became the “Manhatten Project” which under the Quebec Agreement was a) to be a shared project with Canada and the UK having full access to all knowledge and b) no nuclear weapon was to be used without joint US and UK agreement - that agreement stuck until 1946 (Truman sought and received Churchills agreement to used the bombs on Japan)But in 1946 the US Congress pass the McMahon Act which banned to disclosure of nuclear information to ANY nation - so overnight the US despite the massive contribution of British research tore up the agreement and tried to gain a global nuclear monopolyThe British response to this was to process its own plutonium so Windscale (now part of Sellafield site) was built and a weaponised at Aldermaston - at some stage the US discovered the existence of the programmed and attempted to force the UK to abandon work but we refused and continued - Britain's first atom weapon was detonated at Monte Bello Island in October 1952So in short we developed out own independent nuclear weapons because of US betrayal

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