RCC Survey - Phase out of the penny Question Title * 1. Are you ready for the phase out of the penny starting February 4, 2013? Yes No Unsure Question Title * 2. When you run out of pennies, what approach will you take to round? Implement the federal government’s rounding guidelines for cash transactions Round down all cash transactions to the nearest 5 or 10 cents Don’t know Other (please specify) Question Title * 3. If you plan to round, how will you implement these changes in your store(s)? Change Point of Sale (POS) system Round manually at point of sale Other (please specify) Question Title * 4. Can you provide an estimate of what these changes will cost your business? $0 - $5,000 $5,000 – $25,000 $26,000 - $100,000 More than $100,000 Question Title * 5. What size is your business? Small business – Annual sales less than $1 million Mid-size business – Annual sales between $1 and $10 million Large business – Annual sales over $10 million Done