Carillo Industries collected $105,000 from customers in 2017. Of the amount collected, $25,300 was for services performed in 2016. In addition, Carillo performed services worth $41,900 in 2017, which will not be collected until 2018. Carillo Industries also paid $73,800 for expenses in 2017. Of the amount paid, $30,200 was for expenses incurred on account in 2016. In addition, Carillo incurred $41,400 of expenses in 2017, which will not be paid until 2018. A) Compute 2014 cash-basis net income. B) Compute 2014 accrual-basis net income.
Answers
Answer:
A. Cash-basic net income $31,200
B.Accrual-basis net income$38,800
Explanation:
A)Computation of 2017 Carillo Industries cash-basis net income
Cash received from revenue$105,000
Less Cash paid for expenses$73,800
Cash-basic net income $31,200
B)Compututation of Carillo Industries 2017 accrual-basis net income
Revenues$121,600
(79,700+$41,900)
Less Expenses$82,800
($41,400 +$41,400)
Accrual-basis net income$38,800
Calculation for Revenue
$105,000-$25,300
=$79,700
Related Questions
Does any body know how to speed up the process of finding answers
Answers
Answer:
Hi
Explanation:
it honestly depends try reloading or refreshing or poking on other sites that LOOK APPROPRIATE
Consider a city of 200 people (100 rich and 100 poor) and two neighborhoods (100 people in each). Both groups generally prefer to live with rich people and are willing to pay a premium for living with a fraction of rich people that is larger than 50%. Poor people’s premium curve is given as �!""# = 2�$, where x is the percentage of rich above 50% (e.g., if there are 52% rich, x will be 2). Rich people’s premium curve is given by �%&'( = 60� − 0.4�$. a) What is the equilibrium outcome (i.e., what is the share of rich and poor people, respectively). Explain.
Answers
Answer:give me Brainliest
Explanation:
what amount of Capital could be raised by Transnet
Answers
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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The intercultural Communication is very important in contemporary business world. However, it becomes Barriers to different groups of people who work in the same organization. Only the smart managers apply Intercultural Communication Competency to make every approach balance. You can interpret the above Paragraph in details in your own words.
Answers
Answer:
In today's globalized business world, intercultural communication is essential for success. However, cultural differences can also create barriers between people who work in the same organization. For example, different cultural norms, values, and beliefs can lead to misunderstandings and conflicts.
To overcome these barriers, smart managers need to develop intercultural communication competency. This means having the knowledge, skills, and attitudes needed to communicate effectively with people from different cultural backgrounds. For example, a manager might need to learn about different cultural customs, such as how to greet people or how to show respect.
Intercultural communication competency also involves being able to adapt to different communication styles. For example, some cultures may prefer indirect communication, while others may prefer direct communication. A manager who is able to adapt to these different styles can build trust and rapport with people from different cultural backgrounds.
Overall, intercultural communication competency is essential for managers who want to create a balanced approach to communication in their organization. By understanding and respecting cultural differences, managers can build strong relationships with employees, customers, and partners from around the world. This can lead to increased productivity, creativity, and innovation, as well as a more inclusive and diverse workplace.
"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"
Answers
Each features should be matched to the relevant inventory systems as follows;
Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.What is an inventory?An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.
What is a perpetual inventory system?In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.
Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.
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Yarin's gross pay for the year was $3,500. The federal income tax withholding from his pay was 9% of his gross pay. Yarin determined the federal income tax he owes is $115. How much of a refund can Yarin expect? O $200 O $315 O $3,035 $3,185
Answers
answer:
its A
Explanation:
Yarin can expect a $200 refund.
Yarin's gross pay for the year was $3,500.
The federal income tax withholding from his pay was 9% of his gross pay.
=$(3,500×9÷100)
=$315
Yarin determined the federal income tax he owes is $115.
Refund expected = $(315-115)
=$200
What Are Federal Taxes?Income tax.Gift tax.Estate tax.What is the difference between state tax and federal tax?The differences between state and federal taxes are federal income taxes are collected by the federal government to pay their bills and state taxes are collected by individual state governments to pay their specific state bills.
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If you spent $500,000 purchasing a stock on the profit for that year was $100,000 what is the return on investment
Answers
Answer:
njhbgytfr
Explanation:
Which GPA does not appear on the transcript and therefore has to be calculated by the student for monitoring?
A. Term
B. Cumulative
C. Overall
Answers
Answer:
Explanation:
Cause GPA means the total grade point but CGPA means after completing the programme what is your cgpa.
can someone please create your own business plan dictionary
Define each term. MAKE SURE that you use the correct business definition. For example, a stake in business means “a financial share in a business or an emotional investment in something” but a stake can also mean a “strong wooden or metal post with a point at one end, driven into the ground to support a tree, form part of a fence, act as a boundary mark, etc.,” or “a metalworker's small anvil, typically with a projection for fitting into a socket on a bench”.
Submit when you finish. DUE DATE: FRIDAY, MARCH 10
1. Break even
2. Business model
3. Customer acquisition costs 4. Distribution
5. Equity
6. Licensing
7. Liquidity
8. Margin
9. Market value
10. Patent
11. Patent pending
12. Proof of concept
13. Proprietary
14. Royalty
15. Stake
16. Sweat equity
17. Valuation
Answers
Answer:
1. Break even: The point at which a business's total revenue equals its total expenses, resulting in neither a profit nor a loss.
2. Business model: A plan or framework that outlines how a business will generate revenue and make a profit.
3. Customer acquisition costs: The cost associated with acquiring a new customer, including marketing and advertising expenses.
4. Distribution: The process of getting a product or service from the manufacturer or producer to the end consumer.
5. Equity: A financial share of ownership in a business or property.
6. Licensing: The process of granting permission to use or sell a product, service or intellectual property.
7. Liquidity: The ability of a business or individual to convert assets into cash quickly and easily.
8. Margin: The difference between a product or service's selling price and the cost of producing or providing it.
9. Market value: The price at which a product or service is currently being sold in the market.
10. Patent: A legal document that grants the holder exclusive rights to produce, use, and sell an invention or idea for a certain period of time.
11. Patent pending: The status of an invention or idea that has been submitted for a patent but has not yet been approved.
12. Proof of concept: A demonstration that a product or service is viable and can be successful in the market.
13. Proprietary: A product or service that is owned and controlled by a single company or individual.
14. Royalty: A payment made by one party to another for the use of a product, service or intellectual property.
15. Stake: A financial share in a business or an emotional investment in something.
16. Sweat equity: The value of the time and effort put into a business or project by its owner or founders, often in lieu of financial investment.
17. Valuation: The process of determining the worth of a business or asset, often used in the context of selling or acquiring a business.
The company's mission statement tells us...
Answers
Answer:
A company mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.
Explanation:
Hope this helps
We call it “hospitality and tourism industry” but really they cannot be considered an industry true or false
Answers
Answer:
False
Explanation:
have a good day
What is the total number of questions available on the Brainly platform and where can I find them?
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true or false The basic wage for entry level positions is increasing to attract employees
Answers
The given statement "The basic wage for entry-level positions is increasing to attract employees," is true. Therefore, it is a true statement because raising wages is primarily enough to attract employees.
Why does an increase in wages attract employees?The advantages of higher salaries extend far beyond the attraction of talent. Let's explore some of the concrete advantages of paying extra in more detail.
Staff turnover rates decline as earnings rise. People look for alternate jobs when they are unable to pay for the necessities at work because they are not paid well. In contrast, those who are paid well and can support themselves financially tend to stick with their companies.
More money makes people feel better about the work they do, and generally speaking, employee morale rises along with business earnings.
Performance-based rewards, annual incentives, and commission structures all increase morale and output simultaneously. Employees who are highly engaged and productive advance your business.
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Which of the following choices is one of the leading economic indicators?
advance monthly retail sales
structural unemployment
annual unemployment data
gross national product
Answers
Answer:
Gross National Output
Explanation:
This is a leading economic indicator because it tell us the well-being and health of the overall economy. A low gross national output also means that unemployment rate may be high because resources are not fully utilized--be it structural unemployment or total unemployment. Monthly retail sales also feeds into Gross National Output.
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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Sandhill Company's financial information is presented below. Purchase returns and allowances $15680 Purchases $269500 Sales returns and allowances 10780 Ending inventory 31360 Net sales 470400 Cost of goods sold 284200 How much is gross profit
Answers
Based on the information given the gross profit is $186,200.
Gross profitUsing this formula
Gross profit=Net sales– Cost of Goods Sold
Where:
Net sales=470400
Cost of Goods Sold=284200
Let plug in the formula
Gross profit=470400-284200
Gross profit=186,200
Inconclusion the gross profit is $186,200.
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Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October are available:
Quantity of direct labor used 5,000 hrs.
Actual rate for direct labor $22.75 per hr.
Bicycles completed in October 800 bicycles
Standard direct labor per bicycle 6.0 hrs.
Standard rate for direct labor $24.00 per hr.
Requried:
a. Determine for October the direct labor rate variance, direct labor time variance, and total direct labor cost variance.
b. How much direct labor should be debited to Work in Process?
Answers
Hope this helps
()=2+5+100 billion Birr t-years after 1995
a) At what rate was GNP changing with respect to time in 2005?
b) At what percentage rate was the GNP changing with respect to time in 2005
Answers
Answer:
Explanation:ádasd
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A great way to ontain hands-on training in a real work environment is to complete a(n)
Answers
Answer:
It's c, apprenticenship
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Answers
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answers
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
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The situations below include an event and a market. For each situation, determine how the event would affect the market equilibrium price and quantity of the market, and sort the situation into the appropriate category. Items (8 items) (Drag and drop into the appropriate area below) the price of broccoli falls: carrots a serious military conflict in the Middle East breaks out: crude oil a faster espresso machine: cappuccinos at coffee shops the cost of peanuts fails: peanut butter the U.S. government imposes a tariff on tequila the price of coffee rises: cream consumer income increases: ca: Categories P and Q increase P and Q decrease Pincrease, Q decrease P Decrease, Q Increase Drag and drop here Drag and drop here Drag and drop here Drag and drop here SUBMIT ANSWER < 11/12 > 11 OF 12 QUESTIONS COMPLETED MacBook Air
Answers
The cream consumer income increases categories P and Q increases the P and Q.
What is consumer income?Consumer income refers to the amount of money that an individual or household earns from various sources, such as employment, investments, government benefits, or other forms of income. It is a crucial determinant of the level of spending and consumption in an economy. When consumer income rises, people tend to have more disposable income and may increase their spending on goods and services, thereby boosting economic growth. On the other hand, a decline in consumer income may lead to reduced consumption, lower demand for products and services, and a slowdown in economic activity. Understanding consumer income patterns and trends is essential for businesses to develop effective marketing and pricing strategies that cater to the needs and preferences of consumers with different income levels.
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What is a class action suit?
OA. When a lawsuit is dismissed by a judge because the court does
not have proper jurisdiction
B. When a lawsuit involves not only one punishment, but an entire list
of consequences
C. When a group of consumers that suffer similar damages bring a
case against a business together
D. When an individual brings a lawsuit against all businesses in an
industry together
it’s c
Answers
A class action suit is a case, brought up by a group of consumers that suffer similar damages, against a business together. Hence, the correct answer will be an option(c).
Consumers, suffering a similar loss caused by a business, come forward and file a lawsuit together against the same business. This type of lawsuit is known as a class action suit. It is also known as Representative action. If the group wins the lawsuit, it will be compensated for the damages caused but if they lose the lawsuit, it will not receive any type of financial compensation.
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a company has current ratio 2.7:1 and liquid ratio 1.8:1 Total liabilities are 22500 the find the value of current assets
Answers
Answer:
The value of current assets are 60,750.
Explanation:
This can be calculated using the current ratio formula as follows:
Current ratio = Current assets / Current liabilities .............. (1)
Where;
Current ratio = 2.7
Current assets = ?
Current liabilities = Total liabilities = 22500
Substituting the values into equation (1) and solve for Current assets, we have:
2.7 = Current assets / 22500
Current assets = 2.7 * 22500
Current assets = 60,750
Note:
It should be noted that in Accounting when no information is given about Non-current liabilities, it indicates that current liabilities are to Total liabilities .
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answers
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
Trade barriers can hurts a country‘s economy by:
A) reducing competition for domestic industries
B) increasing its economy is reliance on other countries
C) reducing its overall economic efficiency
D) increasing the variety of available consumer games
Answers
Answer:The answer is C
Explanation: just took the quiz
Trade barrier can hurt a country's economy by reducing its overall economic efficiency. Thus, option C is correct.
What is trade barriers?Trade barrier consists of various policies and reforms on international trading that is applied by the government to protect the country.
Implementation of trade barrier results in reduction of overall economic efficiency and growth as the business may face various problems while importing or exporting good and services.
Trade barriers create problem when it comes to international trading with various restrictions which results in reduction in overall efficiency. Therefore, C is the correct option.
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