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1. Which of the following collection agencies would be the best choice to represent a practice based on financial statistics? Why? Company A collection rate

1. Which of the following collection agencies would be the best choice to represent a practice based on financial statistics? Why?

Company A collection rate of 30 percent, charges 50 percent of the funds it collects.

Company B: Collection rate of 20 percent, charges 30 percent of the funds it collects.

(Hint: Work out the results based on $100.)

2.Assume that the practice has sent $10,000 worth of unpaid balances to Company B. How much money would the practice expect to receive based on the listed percentages?

I know the answer to part one.

How do I solve part 2?

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