Greetings @yuceetoria

1.- You have developed a basic concept about cost, and have indicated the importance for entrepreneurs. When starting a business it is important to use capital efficiently to capture the resources needed in the production of goods, or provision of services.

2.- You have presented the difference between costs and expenses in a practical way. We can say that one of the most outstanding differences is that the cost is of a lucrative nature because a future income is expected, while the expense is a disbursement to cover the usual activities.

3.- You have shared, according to your criteria, the benefits of generating a good determination of costs, touching on an important point of any business, which is “to avoid ending up in the red”.

4.- You have explained your way of determining the cost of providing services. A simple formula where the cost per skilled labor predominates, there is a $10 lag in the hourly charge.

Below I share the evaluation summary.

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