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In accounting and general business, the cost of a goods or service is the total monetary value required to create the goods or service. So in selling a basket of apples, the cost of the basket and apples is the cost paid for the basket and the cost of the apples. If the apples were grown, there is the cost of the labor to water, treat and harvest the apples.
Worth is a term for the total monetary value of a goods or service from the buyer's point of view. Is the value that a buyer would actually pay to own the goods for service. If you have a flat tire in a remote location, the worth of someone who will change your flat tire with a spare is high. If you do not have a flat tire, the value that same person is zero. Products and services can also have intrinsic or sentimental worth but that is not a business discussion.
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What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
The difference between the cost of an asset and the accumulated depreciation for that asset is called?
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
What is the difference between the ordering cost and carrying cost?
Ordering cost is the cost to get it here. Carrying cost is the cost to keep it here.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between differential cost and incremental cost?
There is no difference
Difference between real cost and money cost in about 300 words?
what is the difference?
Are organic flowers worth the cost increase over traditional flowers?
There's no difference between organic and nonorganic flowers in terms of appearance or how long they remain fresh. They're only worth the cost if you care deeply about environmental concerns.
How much was 100 pounds from 1834 worth today?
As of 2013, the relative value of 100 pounds from 1834 are worth somewhere between 8,386 to 329,300 euros. This answer varies because of the difference between the cost of a commodity, the value of income, or the cost of a project, and the calculations that could rise from each of those. After all, the relative cost of labor is different from the relative cost of price.
What is the difference between prime cost and variable cost?
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What is the difference between price and average cost?
marginal cost
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
Difference between standard cost actual cost and normal cost?
prices
What is the difference between cost minimization and cost reduction?
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What is the difference between marginal cost and standard cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
