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Financial managers in bank holding offices earned a mean annual salary of $92,390 in 2001

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When was Chip Goodyear CFO of BHP?

BHP, 1999-2001, chief financial officer


Financial year defined by the Corporations Act 2001?

The Corporations Act 2001 defines a financial year as a period of 12 months that ends on the date chosen by a company as its financial year-end, commonly concluding on June 30. All companies must prepare financial reports for this period, ensuring they comply with relevant accounting standards. Generally, companies must also notify the Australian Securities and Investments Commission (ASIC) of their chosen financial year-end. In the absence of a specific choice, the default financial year is considered to be from July 1 to June 30.


In what year was the financial services company Sharewatch founded?

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Conclusion on the company's solvency based on the ratios calculated?

The Long-Term Solvency Ratio is developed from the statement of financial position (or balance sheet) but uses this formula: (Lawrence L Martin, 2001) Financial Management for Human Services administrators states:Total assets divided by Total liabilities = Long-term solvency rationThe long-term solvency ratio should be at least 1.0 as a rule, but the higher the better


How were the Enron stakeholders affected?

Enron stakeholders were profoundly affected by the company's collapse in 2001. Employees lost their jobs and retirement savings, as many had invested heavily in Enron stock, which became worthless. Investors faced significant financial losses, leading to lawsuits and a loss of trust in corporate governance. Additionally, the scandal prompted regulatory changes, such as the Sarbanes-Oxley Act, aimed at enhancing financial transparency and protecting stakeholders in the future.