SOFE Exam SOFA-CFE Topic 9 Question 85 Discussion

Actual exam question for SOFE's Certified Financial Examiner exam

Question #: 85
Topic #: 9

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

AReceivable turnover = Net Sales on Account / Average Net Receivables

BReceivable turnover = Gross Sales on Account / Average Gross Receivables

CReceivable turnover = Net Sales on Receivables / Average Net Account

DReceivable turnover = Gross Sales on Receivables / Average Gross Account

Show Suggested Answer

Suggested Answer: A

by Tenesha at Apr 21, 2024, 03:52 AM

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2 days ago

This question seems tricky.

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13 days ago

Hmm, using gross sales and average gross receivables instead.

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14 days ago

B) Receivable turnover = Gross Sales on Account / Average Gross Receivables

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15 days ago

That makes sense, calculating it based on net sales and average net receivables.

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16 days ago

A) Receivable turnover = Net Sales on Account / Average Net Receivables

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17 days ago

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

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