| Category | Assignment | Subject | Accounting |
|---|---|---|---|
| University | UOW Malaysia | Module Title | PIONG Accounting and Finance |
PIONG Corporation has developed a new screen protector that can be used on handphones. It would cost RM800,000 to buy the equipment necessary to manufacture the protectors, and initially at year 0, it would require net operating working capital equal to 10% of the 1st year sales amount. Thereafter, the annual net operating working capital will be 12% of next year's sales. The project would have a life of 5 years. If the project is undertaken, it will be operated for the entire 5 years.
The new screen protector would sell for RM17.00 per unit. After the first year, PIONG intends to increase the sales price by 2% annually.
The variable cost is RM1.20 per unit and will increase at a rate of 5% annually. The company's fixed costs would be RM320,000 in Year 1 and would increase at a rate of 3% annually.
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