Word: refundability
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...Coop has cut its refund rate this year by two per cent, from ten to eight per cent refund for cash purchases and from eight to six per cent for credit purchases...
Morrill said it was possible that the refund rate might be increased next year, although not back to the old ten-eight figure, if the Coop's volume continued to increase in the coming year. Last year, the Coop's volume increased from $12.1 million to $14.1, Morrill said, and if it continued to rise to $16 or $17 million, then a higher refund rate would be likely...
Morrill doubted if the Coop's refund rate would return to the old ten-eight figure during the Coop's "reconstruction period." He listed the Coop's year-old text book annex on Palmer St. and the new Medical School Coop, scheduled for completion next year, as expense burdens which helped force the lower refund rates...
...past, the Coop was able to maintain the ten-eight refund rate despite rises in expenses by drawing from its yearly surplus in dealings with non-members, Morrill said. (Non-members account for about 20 per cent of yearly business.) But tax laws passed in 1962 no longer allow that, the general manager explained...
...learn to read quite as fast as George (and then again you might!), but the nationally known Reading Dynamics Institute guarantees that you'll at least triple your reading efficiency with good comprehension--or receive a full tuition refund...