For this discussion forum you should respond to this Accounting in the Headlines Article. You will also find this Accounting in the Headlines in your textbook in chapter 6. What is the gross margin on the Apple iPhone 5S and SC? According to the Gottalle Mobile nebsite in September 2013, the Apple iPhone 5S with 16 GB memory sells off-contract for 5649, while the iPhone 5C with 16 GB memory sells off-contract for $549. The same phones with 32 GB memory sell off-contract for $749 and $649. According to Bloomberg Businessweek and IHS iSuppli.e the iPhone 55 model with 16 GB memory costs $199 to produce. IHS iSuppli also reports that the 5C model of the iPhone (also with 16 GB of memory) costs $166 to produce. An extra 16 GB of memory for each phone (to bring it to a total of 32 GB memory) costs Apple about $0.71 per CB Questions 1. Calculate the grows profit (margin) in dollars for each of the following phone models configestions: (Hint: Remember Gross Profit Margin)-Sales-COGS) The first one is done for you as an example. iPhone 55 with 16 GB memory (Sales-COGS-GP) 5649-519-5450CP iPhone 5S with 12 GB memory Phone 5C with 16 GB memory d iPhone 5C with 32 GB memory 2. Calculate the grows profit margin) in percentage for each of the following phone models/configurations (Hint: Remember Gross Profe(Margin) percentage Gross Profit (Margin) In Dollars/Sales 100) The first one is done for you as an example. iPhone 55 with 16 GB memory (GP%-OP Sales *100) $4505649*100-69.34% iPhone 55 with 32 GB menery iPhone 5C with 16 GB memory d iPhone 5C with 32 GB memory 3. Which phone model is most profitable for Apple? 4. Apple has made a concious decision to not make its phones' memory cards swappable (ie. the phone owner cannot purchase a larger memory card at a later date to give the phone more memory). The cort upgrade to an autire new phone if additional memory is needed at a later date. Why do you think Apple has made this choice? Do you think Apple's decision is ethical and sustainable? Make sure you provide your rationale for your answer. Support your answers with the assumptions you used to make your conclusions Once you h