Retirement planning. Use Worksheet 14.1 to assist Tara Easley with her retirement planning needs. She plans to retire in 15 years, and her current household expenditures run about $50,000 per year. Tara estimates that she’ll spend 80 percent of that amount in retirement. Her Social Security benefit is estimated at $15,000 per year, and she’ll receive $12,000 per year from her employer’s pension plan (both in today’s dollars). Additional assumptions include an inflation rate of 4 percent and a rate of return on retirement assets of 8 percent a year before retirement and 5 percent afterward. Use Worksheet 14.1 to calculate the required size of Tara’s retirement nest egg and the amount that she must save annually over the next 15 years to reach that goal.

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.