Problem
What is the purpose of a company discounting services? So, for example, if a law firm tells me that they are going to charge me $100 but I get a bill and it reads that the normal charge was $450 but they discounted it to $100. The same for a doctors office. If they send a bill to an insurance company knowing that the insurance company is only going to approve a certain amount, why do they submit for the full amount? Is it so they can show a loss on their taxes? Does the discounted rate somehow count as a writeoff, possibly inflating their revenues or giving them a write-off from other revenue?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.