13. Extra Credit: Suppose a certain species bird has an average weight of r = 3.25 grams Based on previous studies, we can assume that the weights of these birds have a normal distribution with o=0.39 grams. For a small group of 12 birds, find a 98% confidence interval for the average weights of these birds. Jul. 1 Purchased 8,000 shares in Adobe Outdoor Adventure Company for $3 per share. Canyon Canoe does not have significant influence over Adobe. Purchased 35% of the stock of Bison Backpacks consisting of 43,750 shares of stock (out of a total of 125,000 shares) for $5 per share. Canyon Canoe does have significant influence over Bison. 10 Purchased a bond from Camelot Canoes with a face value of $80,000. Canyon Canoe intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Sep. 30 Received dividends of $0.15 per share from Adobe. Nov. 1 Received dividends of $0.30 per share from Bison. Dec. 31 Received an interest payment of $3,200 from Camelot Canoes. 31 Bison Backpacks reported net income of $30,000 for the year. 31 Adjusted the Adobe stock for a market value of $2.98 per share. Requirements 1. Journalize the transactions including any entries, if required, at December 31, 2019. 2. Determine the effect on Canyon Canoe Company's net income for the year for each of the three investments. 13. Extra Credit: Suppose a certain species bird has an average weight of r = 3.25 grams Based on previous studies, we can assume that the weights of these birds have a normal distribution with o=0.39 grams. For a small group of 12 birds, find a 98% confidence interval for the average weights of these birds. Jul. 1 Purchased 8,000 shares in Adobe Outdoor Adventure Company for $3 per share. Canyon Canoe does not have significant influence over Adobe. Purchased 35% of the stock of Bison Backpacks consisting of 43,750 shares of stock (out of a total of 125,000 shares) for $5 per share. Canyon Canoe does have significant influence over Bison. 10 Purchased a bond from Camelot Canoes with a face value of $80,000. Canyon Canoe intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Sep. 30 Received dividends of $0.15 per share from Adobe. Nov. 1 Received dividends of $0.30 per share from Bison. Dec. 31 Received an interest payment of $3,200 from Camelot Canoes. 31 Bison Backpacks reported net income of $30,000 for the year. 31 Adjusted the Adobe stock for a market value of $2.98 per share. Requirements 1. Journalize the transactions including any entries, if required, at December 31, 2019. 2. Determine the effect on Canyon Canoe Company's net income for the year for each of the three investments
