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