A tank truck operated by the Acme Oil Freight Corp. Spilled a large quantity of oil on the farmland of Smith, which is located in Montoursville, Pennsylvania. The accident occurred when a welded seam on the tank burst. Smith sues Acme in federal court for the Western District of Pennsylvania to recover $120,000 for crop damage and soil contamination. Smith seeks recovery by alternatively claiming under:

(i) the Federal Oil Carriers Act, a statute recently enacted by Congress making interstate carriers strictly liable for damage caused by a carrier’s leakage of oil; and

(ii) state common law which make anyone who causes a spill of any toxic material strictly liable for resulting damage.

 

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Wall Street Journal Assignment

Find the article from the Wall Street Journal that is related to a topic that we have covered during the semester. The date of the article should be between January 1, 2019 and Mar 14, 2019. Mention the title of the article, the date of the article, and the author of the article.

2 Paragraphs (380-400 words)

Deadline (24 hours from now)

The attached files

1) Assignment Instruction

2) Assignment Instruction (Voice File)

3) Covered Topics

4) Assignments Samples for Students

Please read the instructions and listen to the attached voice.

 

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Creating Graphs 1. Create a pie chart for the variable Car Color: Select the column with the Car variable, including the title of Car Color. Click on Insert, and then Recommended Charts. It should show a clustered column and click OK. Once the chart is shown, right click on the chart (main area) and select Change Chart Type. Select Pie and OK. Click on the pie slices, right click Add Data Labels, and select Add Data Callouts. Add an appropriate title. Copy and paste the chart here. 2. Create a scatter plot with the variables of Drive and Money. Copy the Drive variable from the data file and paste it into the x column in the Scatter Plot worksheet of the Week 1 Excel file. Copy the Money variable from the data file and paste it into the y column. Copy and paste the scatter plot below. 3. Create a histogram for the variable Drive. You need to create a frequency distribution for the data by hand. Use 5 classes, find the class width, and then create the classes. Once you have the classes, count how many data points fall within each class. It may be helpful to sort the data based on the Drive variable first. Once you have the classes and the frequency counts, put those data into the table in the Freq Distribution worksheet of the Week 1 Excel file. Copy and paste the graph here. Calculating Descriptive Statistics 4. Calculate descriptive statistics for the variable Sleep by Gender. Sort the data by gender by clicking on Data and then Sort. Copy the Sleep of the males from the data file into the Descriptive Statistics worksheet of the Week 1 Excel file. Type the mean and standard deviation below. These are sample data. Then, copy and paste the female data into the Descriptive Statistics workbook and do the same. Keep three decimal places.

 

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Analyzing Transactions Using the Financial Statement Effects Template

On March 1, S. Penman launched AniFoods Inc., an organic foods retailing company. Following are the transactions for its first month of business.

1. S. Penman contributed $100,000 cash to the company in return for common stock. Penman also lent the company $55,000. This $55,000 note is due one year hence.

2. The company purchased equipment in the amount of $50,000, paying $10,000 cash and signing a note payable to the equipment manufacturer for the remaining balance.

3. The company purchased inventory for $80,000 cash in March.

4. The company had March sales of $100,000, of which $60,000was for cash and $40,000 on credit. Total cost of goods sold for its March sales was $70,000.

5. The company purchased advertising time from a local radio station for $10,000 cash.

6. During March, $7,500 worth of radio spots purchased in transaction 5 are aired. The remaining spots will be aired in April.

7. Employee wages earned and paid during March total $17,000 cash.

8. Prior to disclosing the financial statements, the company recognized that employees had earned an additional $1,000 in wages that will be paid in the next period.

9. The company recorded $2,000 of depreciation for March relating to its equipment.

Required

a. Record the effect of each transaction using the financial statement effects template.

b. Prepare a March income statement and a balance sheet as of the end of March for AniFoods Inc.

 

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