3. A total of the amounts entered in Part II, Item 7, which must correspond with total retailing and wholesaling sales of the reporting entity for the period covered. Where to File Form PC-10 and attachments should be mailed to: Price Commission 2000 M Street, N.W. Washington, D.C. 20508 Indicate "Submission of Form PC-10" in the lower left. hand corner of the envelope. Rounding For the purposes of this form, all percentages must be expressed to at least one decimal place (e.g., 5.9%). All dollar entries must be rounded to the nearest $1,000 and the 000 should be omitted (such as $1,750,892 entered as $1,751). Specific Instructions Heading of Form (a) Indicate, by checking the appropriate box, whether the Parent firm is in the prenotification or reporting category (see "Who Must File", above). (b) Indicate, by checking the appropriate box, whether this is an initial or quarterly report (see "What to File", above). PART I Identifying Data Item 1: Prior Reference Number-Answer the question .in 1(a). If you are supplying requested additional information or resubmitting a report that had been initially returned, record the prior reference number in 1(b). The prior reference number is the number noted on correspondence received from the Price Commission. Item 2: Item 3: Item 4: Date Submitted-Enter the date that this filing is made, regardless of whether this represents an initial filing, requested additional information, or a resubmission. Period Covered-Enter the beginning and ending month, day and year of the fiscal quarter covered by this report. On the initial filing by prenotification firms, leave this item blank. Parent Firm Data-A parent firm is the firm which controls a group of consolidated subsidiaries following the criteria for the preparation of consolidated financial statements in accordance with generally accepted accounting principles. (a) Enter name of parent firm. (b) Enter address of executive offices of parent firm. Item 5: PART II Item 6: Item 7: (c) Enter the ending date of the most recent fiscal year as customarily used by the parent firm. (d) Enter the parent firm's "Data Universal Numbering System" (D-U-N-S) Number, if known. If not known, leave this item blank. The D-U-N-S Number is a nine-digit number assigned to establishments by Dun & Bradstreet, Inc. Where the firm has more than one D-U-N-S Number, the number entered in this item should be that assigned to the firm for the address entered above in Item 4 (b) as the executive offices of the parent firm. (e) Enter the total revenues of the parent firm during its most recent fiscal year (Item 4 (c)); from whatever source derived. Data on Reporting Entity Covered by This Filing-Fill in this item only if the "reporting entity" covered by this filing is different from the entity listed in Item 4. The criteria for determining such reporting entities are given above under "Who Must File."" (a) Enter name of reporting entity covered by this filing. (b) Enter address of executive offices of reporting entity. (c) Enter the date of the most recent fiscal year of the reporting entity as customarily used. (d) Enter the reporting entity's "Data Universal Numbering System" (D-U-N-S) Number, if known. If not known, or if the reporting entity does not have a D-U-N-S Number, leave this item blank. The number entered in this item should be that assigned to the firm for the address entered above in Item 5 (b) as the executive offices of the reporting entity. (e) Enter the total revenues of the reporting entity covered by this filing during its most recent fiscal year Item 5 (c), from whatever source derived. Business Unit Covered by this Report Indication of Unit Covered by this Report-Check the applicable box to indicate whether the business unit covered by this report is the entire reporting entity indicated in Item 5, a division, subsidiary or other grouping (which should be described), or an individual store or equivalent unit (whose location should be shown). Total Revenues in Most Recent Fiscal Year-Enter the total revenues, from whatever source derived, of the unit indicated above in Item 6, for the fiscal year indicated in Item 5 (c), if applicable, otherwise Item 4 (c). As noted above in section A, under "What to File", in certain circumstances gross profit margin percentages may be reported in lieu of initial percentage markups. Percentages entered in this item must represent weighted average percentages. Weighted averages are calculated by accumulating dollar amounts covering the appropriate period, and then determining the percentage from the accumulated dollar amounts. For example, to calculate the weighted average initial percentage markup for a fiscal quarter, cumulate the dollars of initial selling prices and costs for the three months of the quarter, subtract the total cost from the total of the selling prices to determine the total dollars of markup, then divide the total dollars of markup by either the total cost or the total of the initial selling prices. As described above in section B under "Overall Guidelines", firms may customarily determine prices on an item-by-item or category basis. Reporting entities which customarily determine prices on both bases must prepare two separate PC-10 reports, each reflecting solely item-by-item or category data. Column (a) Merchandise Category-Record the customary categories normally used in the reporting entity to describe its product lines, departments or other management reporting units. Such categories should be reasonably descriptive and must include all merchandise categories of the business unit covered by the report even though price increases may be planned for less than all categories of that unit at the time the report is submitted. In indicating merchandise categories, do not use department numbers, code numbers, or other designations that are not meaningful to the Price Commission staff. It is the intention of the Price Commission to minimize the reporting burden placed upon prenotification and reporting companies, consistent with the needs of the Economic Stabilization Program. It is not intended that an excessive number of categories be recorded in Part III. However, as indicated in section B under "Overall Guidelines", category pricers must list all categories at the lowest level of aggregation cus, tomarily used for pricing purposes. The following examples represent submissions that might be expected from .certain types of retailers and wholesalers, if their businesses encompass the sample product lines depicted: A department store or chain Categories used in the Bureau of Labor Statistics Department Store Inventory Merchandise Category Piece Goods Domestics and Draperies Women's and Children's Shoes Men's and Boys' Shoes Infants' Wear Women's Underwear Women's and Girls' Hosiery Women's and Girls' Accessories Women's Outerwear and Girls' Wear Column (d) Column (e) Column (f) Item 9: (c) must be comparable to those entered in Columns (d), (e), and (f). Therefore, for item-by-item pricers the percentages entered in Column (c) must reflect the actual weighted average initial percentage markups of either: (1) the period between August 15, 1971, and November 13, 1971; (2) the three fiscal months ending prior to November 14, 1971; or (3) the most recent fiscal year ending prior to August 15, 1971. The percentages entered in Column (c) for category pricers must reflect the weighted average initial percentage markups of: (1) the most recent fiscal year ending prior to August 15, 1971; or (2) in the event a firm determines the prices of all items within a category at the same time, the weighted average for the last fiscal year as described in the previous phrase or the last category markup applied prior to November 14, 1971. The percent. ages entered in column (c) must be the same as those entered there in the initial filing. The percentages entered by category and item-by-item pricers must be calculated from business records comparable to those used to calculate the entries in Columns (d), (e) and (f). Current Period-Record the weighted average ini- Comparable Period Prior Year-Record the Basis for Percentages in Item 8. (a) As noted above under "Definitions", the denominator for calculating initial percentage markups and gross profit margin percentages may be either sales or cost. Indicate, by checking the appropriate box, whether the percentages in Item 8 are based on cost or sales price. (b) As noted above in section A under "What to File", certain firms may be permitted to complete all or part of Item 8 on the basis of gross profit margin percentages. Indicate, by checking the appropriate box, whether the percentages in Item 8 reflect initial percentage markups, .or gross profit margin percentages. Firms reporting gross profit margin percentages are required to attach a statement to their initial PC-10 filing explaining why they are unable to report initial percentage markups and describing their method of computing gross profit margin percentages. (c) As noted above in section B under "Overall Guidelines", firms may customarily determine prices on an item-by-item or category basis. Indicate, by checking the appropriate box, whether the percentages in Item 8 are based on item-by-item or category pricing practices. PART IV Additional Information If the firm has not already supplied the following (a) Describe the pricing procedure your firm uses and be prepared to demonstrate that in applying markups to determine selling prices, your firm is using the lowest level of normal application (e.g., item, or category). The reported pricing procedure will be subject to verification by the Internal Revenue Service. If your firm is a category pricer (as described above in section B under "Overall Guidelines") list each category and describe (a) the criteria used for determining the composition of the category, and (b) the method used in pricing products within each category. (b) Explain, at the level of detail relevant to your operation, the established procedure of your firm by which the Internal Revenue Service can audit your reports to the Price Commission and investigate any alleged violations. If invoice records are not normally available and readily accessible, it will be necessary to establish separate records for monitoring and compliance purposes. In addition, submit copies if any of internal company instructions which have been distributed to your personnel to explain the requirements for compliance with the Economic Stabilization Program. (c) The markup base periods which may be used for (d) If you have included manufacturing or service Item 11: Location of Records and Item 12: Individual to be Contacted for Further InformationEnter each geographic location of your pricing records and the individual(s) to contact in the event the Internal Revenue Service is requested to (a) verify your firm's report, or (b) investigate complaints. The Internal Revenue Service will be verifying reports of individual firms on a selected basis. Item 13: Posting Requirement for Retail Operations - Check the appropriate box. A retailer is required to display prominently at the place of sale certain base price information stipulated in Price Commission regula. tions. Wholesalers should check box (3), "not applicable". company name) of the individual who has signed the certification, on the lines above such signature. The Individual certifying to this PC-10 must be the Chief Executive Officer of the parent firm, or such other executive officer as authorized by the Chief Executive Officer to sign for him for this purpose. Such authorization must be in the form prescribed by the Price Commission: IMPORTANT NOTICE Effective May 31, 1972, the Price Commission will only process initial filings and quarterly reports by retailing and wholesaling companies that are submitted on this latest revised PC-10 form or facsimile. copy of such form. Reports which have been filed on PC-1R in accordance with procedures applicable at that time should not be resubmitted. However, any prenotification firm that chooses to determine maximum selling prices by applying a markup to manufacturing or service activities in accordance with these instructions may not increase such prices above base prices before filing an amendment to its previous filing. |