Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SOFE SOFA-CFE Exam - Topic 9 Question 89 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 89
Topic #: 9
[All SOFA-CFE Questions]

Collection ratio can be calculated by the formula:

Show Suggested Answer Hide Answer
Suggested Answer: A

by Clarinda at Jun 02, 2024, 03:22 PM

Limited Time Offer

25%

Off

Get Premium SOFA-CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Johnna
6 months ago
Not sure about this, seems too straightforward.
upvoted 0 times
...
Arthur
6 months ago
Definitely C! I've used that formula before.
upvoted 0 times
...
Brice
6 months ago
Wait, is it really that simple?
upvoted 0 times
...
Terrilyn
7 months ago
I thought it was the payable turnover one, but I guess not.
upvoted 0 times
...
Stacey
7 months ago
Collection Ratio = 365 / Receivable Turnover is correct!
upvoted 0 times
...
Geraldine
7 months ago
I definitely recall that the collection ratio is calculated using receivable turnover, but I can't remember if it's option C or D.
upvoted 0 times
...
Justine
7 months ago
I feel like I might be mixing up the terms here. Wasn't there something about net income in one of the practice questions?
upvoted 0 times
...
Mariko
7 months ago
I remember practicing a similar question, and I think the correct formula involves dividing 365 by the receivable turnover.
upvoted 0 times
...
Camellia
8 months ago
I think the collection ratio is related to receivables, but I'm not sure if it's 365 divided by receivable turnover or something else.
upvoted 0 times
...
Davida
8 months ago
I'm a little confused by the different options here. Is the collection ratio just 365 divided by Receivable Turnover, or does it involve other factors like Net Income or Net Sales? I'll have to review my notes to be sure.
upvoted 0 times
...
Sharita
8 months ago
Okay, let me think this through. The collection ratio is related to how quickly a company collects on its receivables, so it makes sense that it would involve the Receivable Turnover. I'm going to go with option C.
upvoted 0 times
...
Georgiann
8 months ago
Hmm, I'm not sure about this one. I know the collection ratio has to do with receivables, but I can't quite remember the exact formula.
upvoted 0 times
...
Erasmo
8 months ago
This looks straightforward, I think the formula is just 365 divided by the Receivable Turnover.
upvoted 0 times
...
Fernanda
8 months ago
Hmm, I'm a bit unsure about this one. The question mentions a lot of different responsibilities - establishing, documenting, providing resources, demonstrating commitment. I'll need to think carefully about which role would be responsible for all of those.
upvoted 0 times
...
Geoffrey
8 months ago
Option A sounds like it's describing a SOAP-based architecture, where each service has its own contract. Option B seems to be describing a REST-based architecture with a shared uniform contract. I'm pretty confident those are the correct answers.
upvoted 0 times
...
Yen
8 months ago
This seems straightforward, I think the answer is A.
upvoted 0 times
...
Jacqueline
8 months ago
This question seems straightforward, but I want to make sure I understand the key concepts before selecting an answer.
upvoted 0 times
...
Aliza
1 year ago
As an accountant, I'm offended that anyone would think the collection ratio has anything to do with net income or net sales. It's strictly a function of the receivable turnover.
upvoted 0 times
Jeannine
11 months ago
User 3: So, the correct answer is C) Collection Ratio = 365 / Receivable Turnover.
upvoted 0 times
...
Ricki
11 months ago
User 2: I think you're right, it's definitely not related to net income or net sales.
upvoted 0 times
...
Elly
12 months ago
User 1: I agree, the collection ratio is calculated by dividing 365 by the receivable turnover.
upvoted 0 times
...
...
Remona
1 year ago
Haha, I almost fell for that one with the 'Net Income' and 'Net Sales' options. But you can't trick me, the collection ratio is all about the receivables!
upvoted 0 times
Alayna
11 months ago
C) Collection Ratio = 365 / Receivable Turnover
upvoted 0 times
...
Arlette
11 months ago
B) Collection Ratio = 365 + Net Income / Receivable Turnover
upvoted 0 times
...
Jordan
12 months ago
A) Collection Ratio = 365 / Payable Turnover
upvoted 0 times
...
Boris
12 months ago
The formula is Collection Ratio = 365 / Receivable Turnover.
upvoted 0 times
...
Leandro
1 year ago
Yeah, it's definitely not about net income or net sales.
upvoted 0 times
...
Bernardo
1 year ago
I agree, the collection ratio is calculated using the receivable turnover.
upvoted 0 times
...
...
Deandrea
1 year ago
I initially thought it was A, but then I realized that the payable turnover is not relevant to calculating the collection ratio. The key factor is the receivable turnover.
upvoted 0 times
...
Oren
1 year ago
The correct answer is C. The formula to calculate the collection ratio is 365 / Receivable Turnover. This makes sense because the collection ratio represents the average number of days it takes to collect accounts receivable.
upvoted 0 times
Gaynell
11 months ago
No problem! It's important to understand the formula for calculating collection ratio.
upvoted 0 times
...
Ernest
11 months ago
Oh, I see. That makes sense. Thanks for clarifying.
upvoted 0 times
...
Johana
1 year ago
Actually, the correct answer is C) Collection Ratio = 365 / Receivable Turnover
upvoted 0 times
...
Oretha
1 year ago
I think the answer is A) Collection Ratio = 365 / Payable Turnover
upvoted 0 times
...
...
Naomi
1 year ago
Hmm, I see your point. Let's discuss it further to figure out the correct answer.
upvoted 0 times
...
Avery
1 year ago
I disagree, I believe the correct answer is D) Collection Ratio = 365 + Net Sales / Receivable Turnover.
upvoted 0 times
...
Naomi
1 year ago
I think the answer is C) Collection Ratio = 365 / Receivable Turnover.
upvoted 0 times
...

Save Cancel