Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $316,000, which gives Belden the ability to significantly influence Sheffield. Sheffield has a net book value of $828,000 at January 1, 2017. Sheffield's asset and liability accounts showed carrying amounts considered equal to fair values except for a copyright whose value accounted for Belden's excess cost over book value in its 30 percent purchase. The copyright had a remaining life of 16 years at January 1, 2017. No goodwill resulted from Belden's share purchase.

Sheffield reported net income of $162,000 in 2017 and $224,000 of net income during 2018. Dividends of $86,000 and $94,000 are declared and paid in 2017 and 2018, respectively. Belden uses the equity method.

1. On its 2018 comparative income statements, how much income would Belden report for 2017 and 2018 in connection with the company's investment in Sheffield?

2. If Belden sells its entire investment in Sheffield on January 1, 2019, for $422,000 cash, what is the impact on Belden's income?

3. Assume that Belden sells inventory to Sheffield during 2017 and 2018 as follows. What amount of equity income should Belden recognize for the year 2018?

   Year	Cost to Belden	Price to Sheffield	Year-End Balance (at Transfer Price)
   2017	$31,860	$54,000	$18,000 (sold in following year)
   2018	31,860	59,000	40,000 (sold in following year)

A. Equity income 2017 _________

Equity income 2018 ____________

B. Gain or Loss on sale of investment ___________

C. Equity income

She Shed. Corp has these business events occurred during the past two years, affecting intangible assets.

1. Purchased a concession license for $20,000 on July 1, 2017. The license gives She Shed exclusive rights to sell its sheds in the tri-state region and will expire on July 1, 2025.

2. Purchased a patent on January 2, 2018, for $40,000 with an estimated five-year useful life.

3. Costs incurred to develop an exclusive Internet connection process as of June 1, 2018, were $45,000. The process has an indefinite life.

4. On April 1, 2018, She Shed purchased a small circuit board manufacturer for $350,000. Goodwill recorded in the transaction was $90,000.

5. On July 1, 2018, legal fees for successful defense of the patent purchased on January 2, 2018, were $11,400.This did not extend the original life of the patent.

6. Research and development costs for employee wages were $75,000 as of December 1, 2018.

7. Due to pending lawsuits, the patent’s useful life declines to three years.

8. At December 31, 2018, an impairment test on the license purchased in 2017 reveals (a) the estimated net cash flows from the license will be $13,000, and (b) the fair value of the license is $7,000.

9. The small circuit board manufacturer is expecting free cash flows in excess of $500,000 over the next three years

(a) Prepare the journal entries to record all these events.

(b) Show the proper presentation of intangible assets on the balance sheet at December 31, 2017 and December 31, 2018.

Pay your bills. In a large sample of 250 customer accounts, a

In a large sample of 250 customer accounts, a utility company determined that the average number of days between when the bill was sent out and when the payment was made is 32 with a standard deviation of 7 days. Assume the data to be approximately bell- shaped.

1. Use the empirical rule to construct a diagram of the distribution of the data.
2. Between what two numbers will approximately 68% of the numbers of days be?
3. Estimate the number of customers’ accounts for which the number of days is between 11 and 53.
4. Estimate the number of customers’ accounts that were greater than 39.
5. Estimate the number of customers’ accounts that were between 25 and 53.

1) The IQ of the author’s college students is normally distributed with a mean of 100 and a standard deviation of 15. What percentage of college students have IQs between 70 to 130? (Use the empirical rule to solve the problem) Please explain how you get the answer. You can use excel to show how to use the formula if needed.

2) At a high school, GPA’s are normally distributed with a mean of 2.6 and a standard deviation of 0.5. What percentage of students at the college have a GPA between 2.1 and 3.1? Please explain how you get the answer. You can use excel to show how to use the formula if needed.

Given information:

MgSO4: mass of crucible (26.41g) mass of crucible and hydrate (36.37 g) mass of crucible and anhydrate after heating (31.45 g)

CuSO4: mass of crucible (18.21g) mass of crucible and hydrate (30.16 g) mass of crucible and anhydrate after heating (27.89 g)

Show the calculations:

(1) Mass of hydrate used (2) Mass of anhydrate after heating (3) Mass of water driven off from hydrate (4) Percent water in the hydrate

(5) Number of moles of water driven off from the hydrate (6) Number of moles of adhydrate in the product (7) Mole ration of anhydrate to water

(8) Empirical formula of the hydrate

Read the article “The poor and the rich” from The Economist and answer the following questions.

1. Why is it that in the Solow neoclassical growth model “as the stock of capital expands, growth slows, and eventually halts”? Explain.

2. What does the empirical evidence tell us about the effect of Government policies on economic growth? Give some examples of how, according to the article, different Government choices have different implications for economic growth.

3. What are possible explanations for the extraordinary economic growth experienced by some East Asian Countries?

4. What conclusions can you draw from the article about what developing country should do to experience faster economic growth?

1. Vaporization of a liquid sample generates 1.23 L of a gas at a pressure of 0.975 atm and a temperature of 112 °C. The mass of the sample is 1.59 g. (R=0.08206 L·atm/mol·K)
   1. Find the molar mass of the gas (4 pts)

2. What is the molecular formula of the gas if the empirical formula is CH₂?

(C=12.01 g/mol, H=1.01 g/mol) (3 pts)

3. Find the number of moles of the gas produced (3 pts)

4. This gas is mixed with 0.063 moles of another gas (named as A) in a different container. The volume of the container is 1.85 L and the temperature is increased to 130. °C. Find the partial pressures of both gases and the total pressure of the mixture. (6 pts)

Which of the following are true and explain your answer using the Normal Curve?

Hint: Properties of the Normal Curve and Empirical Rule. Note: The Normal curve has two tales. For example, ±1 standard deviation around the mean means that there is 34.13% of the curve on each side of the normalized 0. Or the area (probability) under the curve = 68.26%

A)19 of every 20 observations would fall between ±2 standard deviations around the mean.

B) 2 of every 3 observations would fall between ±1 standard deviation around the mean.

C) 4 of every 5 observations would fall between ±1.28 standard deviations around the mean.

For a two-cover FPC of dimensions 3 x 6 m, tilted 45 degrees from horizontal, determine the overall
heat loss coefficient. The environmental temperature is 5 C and the wind blows at 5 m/s.
The absorber plate is 0.6 mm thick with an emissivity of 0.15. The glass covers are 3.5 mm
thick with a gap of 20 mm and the bottom one is located 50 mm from the absorbing plate.
The glass emissivity is 0.88. The insulation is fiberglass 50 mm thick at the back and
30 mm at the edges. The mean absorber temperature is 90 C. Estimate the overall heat loss
coefficient using both the detailed and the empirical methods and compare the results

Q2 Write short notes on any two of the following:

a) Optimum Design. b) New Design c) Empirical Design [12 marks]

(iii) Mention two methods used in design in minimizing stress concentration. [5 marks]

Q4 (i) Find the power transmitted by a 50mm diameter solid shaft running at 200rpm if the shear strength of the material is 124 MN/m2 using factor of safety of 2.

What will be the power transmitted by an equivalent hollow shaft of the same cross sectional area as the solid shaft above, if the ratio of the outside to inside diameter is 3/2. [18 marks]

(ii) Explain the meaning of the answers in (i) above