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.

For this Discussion Board Forum, interact in a free-flowing discussion of the biblical and constitutional parameters for the particular policy focus being discussed this module/week. In other words, you must discuss the “May” portion of the “May-Can-Should” approach to policy analysis and implementation. Engage the ideas of your classmates and the required readings and presentations in a meaningful and thoughtful manner. Remember to provide thoughts on what government should or should not do from a biblical and constitutional perspective. Also discuss what other groups, individuals, and organizations (possibly including state and local government) should be doing within society to address the policy issues discussed in this module/week.TOPIC: Economic and Budgetary PolicyFor each Discussion Board Forum assignment, you will interact in a free-flowing discussion of the biblical and constitutional parameters for the particular policy focus of the assigned module/week. These posts should be short and succinct (3-5 sentences at most per post) and should encourage greater interaction with your classmates. Thus, you are to post according to the following guidelines: Biblical: One separate post (3-5 sentences) discussing Biblical principles such as natural law, inalienable rights, sphere sovereignty/covenant, the Sin/Crime distinction and the institutional separation of Church and State Constitutional: one separate post (3-5 sentences) referencing the enumerated powers, Articles and Amendments from the Constitution which are relevant to the assigned policy area There must be two separate posts. Both posts must focus on the general policy area for the assigned Module/Week. For instance, when the course module focuses on criminal justice, the Biblical post must focus on what the Bible says about what government may or may not do in fighting crime. Likewise, the Constitutional post must focus on what the Constitution says about what government may or may not do in fighting crime. Specific examples should be used and cited. Feel free to interact with your classmates, but for grading purposes, you will only need the two posts mentioned above. You must use the following sources: the Bible, relevant presentations and articles from Modules/Weeks 1–2 which focus on biblical and constitutional ideas, including the “Biblical Principles of Government” article, the required reading from the assigned module/week, and any additional relevant sources that you would like to use.

Economic growth, labour market, public policy and public finance, natural resources and the environment, energy, trade, tourism, and fisheries