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SOFE Exam SOFA-CFE Topic 8 Question 106 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 106
Topic #: 8
[All SOFA-CFE Questions]

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

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Suggested Answer: A

by Patria at Jan 23, 2025, 07:39 PM

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Rodrigo
17 days ago
Option A, no doubt. Anything else is just trying to be fancy and make things more complicated than they need to be.
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Wayne
17 days ago
Haha, who even comes up with these other options? Option A is the real deal. Receivable turnover is like the ABCs of accounting.
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Brynn
18 days ago
I'm going with Option A. It's the classic formula we learned in my accounting class. Can't go wrong with the tried and true method.
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Carry
19 days ago
Definitely Option A. Using net figures is the standard way to calculate receivable turnover. Who would even consider gross figures? That's just silly.
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Georgiana
5 days ago
Yeah, using net figures is definitely the standard practice in accounting.
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Krissy
9 days ago
I agree, option A is the correct formula to calculate receivable turnover.
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Eleni
1 months ago
Hmm, that does make sense. I'll go with C) as well
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Buck
1 months ago
I agree with Gilberto. Option A is the way to go. Gross sales and gross receivables would not give you the true receivable turnover ratio.
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Tayna
7 days ago
I'm not sure, but I think Gilberto is right. Net sales would be more accurate.
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Lashawna
15 days ago
Yes, I agree. It's important to use net figures for accuracy.
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Winifred
22 days ago
I think option A is correct. Net sales on account divided by average net receivables.
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Pearly
1 months ago
Because it mentions Net Sales on Receivables, which makes more sense to me
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Eleni
1 months ago
Why do you think it's C)?
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Gilberto
2 months ago
Option A is the correct formula. Receivable turnover is calculated using net sales on account and average net receivables.
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Denise
26 days ago
Yes, you are correct. Option A is the right formula to calculate receivable turnover.
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Bettye
1 months ago
I think the correct formula is A) Receivable turnover = Net Sales on Account / Average Net Receivables
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Pearly
2 months ago
I disagree, I believe it's C)
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Eleni
2 months ago
I think the formula is A)
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