For this assignment, you will analyze and interpret the impact of a firm’s multinational operations on tax rates and financial results For Apple Inc. and Microsoft Corp. Obtain the 10-K reports for the companies for the latest year. In your paper, Determine what method each company is using to record foreign currency transactions and foreign currency translation. Support your determination with citations from the 10-K reports of each company. Identify the assets of each company identified as foreign currency derivatives hedges. Identify the liabilities of each company identified as foreign currency derivative liabilities. Explain the impact on each company’s taxes due to multinational operations. Be sure to indicate the direction (positive or negative) of the effect of tax rates in foreign jurisdictions on each company’s effective tax rate. Review the information provided and determine how much of each company’s business occurs in non-US locations. Identify the non-US locations. Identify the most significant non-US location. Explain how much of each company’s sales growth in the most recent fiscal year is due to foreign exchange rates using the management discussion and analysis (MD&A) section of the reports and the supplementary schedules. Compute the gross profit margin, operating profit margin, and net profit margin for these two firms. Compare the margins of the two firms (“Item #8”) Explain the impact of each company’s foreign currency and hedging transactions (gains or losses) on the margins of each firm computed in Item #8. Compare the margins of the two firms, including the relevant information about the impact of foreign currency and hedging transactions. Adjust the earnings of each company to remove the foreign currency and hedging transactions. Restate the earnings on both a pre-tax and after-tax basis. Recalculate the gross profit margin, operating profit margin, and net profit margin for these two firms based on the adjusted earnings. Compare the adjusted margins of the two firms. Within these four pages, provide data tables and calculations. These tables and calculations should be approximately 30% of the total work product.

Part OneSally Thomas is an entrepreneur. She makes hand-made quilts and sells them at craft shows and at her home studio. Below is a market supply schedule she constructed. Answer the questions that appear below it.Price per quiltQuantity Supplied Per Month$300.001$400.002$500.003$600.004$700.005How many quilts will Sally supply at $500.00 per quilt?Are any other factors besides price taken into account with the market supply schedule she has constructed?Several situations are listed below that Sally has encountered in her business. Explain how each of these situations might alter the supply of quilts.Sally purchases a new sewing machine that helps her produce quilts in less time.Sally anticipates an increase in prices for quilts in three months.There are twice as many quilt suppliers as there were one year ago.Part TwoNow think of something you might be able to make and sell. Construct your own individual market schedule. List five prices and the quantity you would supply at each price. As you do this, remember to consider how much time you have available because you still need to be able to keep up with your school work and other activities. At the same time, consider how much money you will be making on each and what your financial goals might be. Be sure to provide a description of the item you would supply as well as a paragraph describing three factors that most likely will influence the supply of your item. Include an explanation of how each factor might influence your decision on how much to supply of the item.

Watch the video clip from "Broke", from The Office . What was Ryan referring to when he said, "Over time with enough volume, we become profitable." What short-run costs was he focused on, and what was he ignoring?Given what you have learned so far about economies and diseconomies of scale, discuss the ramifications involved as a firm grows bigger. Use examples from beyond your readings to describe firms experiencing either economies or diseconomies of scale and what this implies for competition and for the customers of these firms.