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Salad. Is one very good answer.

Another would be "Iced Tea" and a socko dessert tray.

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Where do start up costs belong on the balance sheet?

Start-up costs are generally classified as an asset on the balance sheet, often under "deferred charges" or "prepaid expenses." These costs represent expenditures incurred before the business begins operations and may include expenses like legal fees, marketing, and permits. Depending on the accounting policies, these costs may be amortized over time, reflecting their consumption as the business operates. It's essential to follow relevant accounting standards, such as GAAP or IFRS, for proper classification and treatment.


How can costs be classified?

start-up costs


How did First Choice Holidays raise finance to start business?

How is First Choice financed?


What is a deferred annuity?

An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.


What is a variable deferred annuity?

A variable deferred annuity is an annuity that is variable and deferred. What this means to you is that being variable it is associated with the risks of the markets that the money is invested into. There is no guarantee to interest or principle, which may be volatile in a low market. Deferred means that it grows tax deferred whereas no taxes are paid by you until you start receiving payments from the annuity. The tax will be on the growth of the product and not what you placed in as principle. Please remember though growth is not guaranteed with a variable product.


Examples of start up costs?

Some examples of start up costs include: Installing equipment Acquiring premises Renovating Premises Initial stock License agreements


Are the contributions to an annuity tax deferred?

No. The money payments to a annuity plan when you purchase the annuity plan the amount that you pay for the plan is not tax deferred. The amount is after income tax funds. The earnings that go on inside of the annuity plan will be tax deferred until the time that you start taking distributions from the annuity plan.


The importance of start up costs and operating costs?

nothing


What is the difference between immediate annuity and deferred annuity?

First, the word "annuity" can be used for different things. Be sure to know what you're working with. Annuities are investments through insurance companies. There are good and bad. Annuities might ALL be called "deferred" because their earnings are tax deferred. You pay taxes on the earnings when you take money out. The IRS sets the rules. Annuity earnings WILL BE taxed, even if received in monthly payments or passed on to beneficiaries. Immediate and deferred refer to 2 different features of annuities. Deferred is taxes. Immediate is payments. If you place a lump sum with the insurance company, they can start paying you monthly payments based on that lump sum. If the payments start immediately, it is called immediate. If payments start later, it could be called deferred. Annuities can be wonderful or horrible, so do lots of good research.


How much does it costs to start a bakery?

It costs anywhere from $30,000 to well over $100,000 to start a bakery. The actual costs depend on the location, size, and type of bakery.


When did the deferred retirement option plan begin?

The Deferred Retirement Option Plan (DROP) was first introduced in the United States in the late 1970s. The specific start date may vary depending on the specific city or state where the program was implemented.


Is an IRA considered deferred income?

When you qualify to deduct the amount on your income tax return for the year and do pay any income in that year on the amount then it would be deferred compensation. When you start taking the distributions form the IRA account you do not have any cost basis in the deferred compensation account so the distribution will be subject to income tax at that future time.