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SOFE Exam SOFA-CFE Topic 4 Question 83 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 83
Topic #: 4
[All SOFA-CFE Questions]

The receivable turnover can be calculated by which of the following formula:

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Suggested Answer: A

by Lashandra at Mar 18, 2024, 12:00 AM

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William
10 months ago
Interesting, but I'll stick with A) for now until we confirm the correct formula.
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Leonie
10 months ago
I think it's D) Receivable turnover = Gross Sales on Receivables / Average Gross Account because that's what I learned in class.
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William
10 months ago
Hmm, I see. I think A) makes more sense because we're looking at net sales and net receivables.
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Val
10 months ago
I'm not sure, but I believe it might be C) Receivable turnover = Net Sales on Receivables / Average Net Account.
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William
10 months ago
I think the formula is A) Receivable turnover = Net Sales on Account / Average Net Receivables.
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Eura
11 months ago
Actually, I think it's better to use gross sales on account to calculate receivable turnover. So, B) Receivable turnover = Gross Sales on Account / Average Gross Receivables.
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Haley
11 months ago
I believe the answer is C) Receivable turnover = Net Sales on Receivables / Average Net Account.
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Rex
11 months ago
I agree with User1, it makes sense to calculate receivable turnover based on net sales on account.
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Niesha
11 months ago
I think the formula is A) Receivable turnover = Net Sales on Account / Average Net Receivables.
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