(Appendix 12A) The Red River Division of Alto Company produces and sells bags of pottery clay which can either be sold to outside customers or transferred to the White Mountain Division of Alto Company.The following data are available for the last year: 
By selling to the White Mountain Division, the Red River Division will avoid $3 per bag in selling costs. If Red River can sell only 10, 000 bags annually to outside customers, according to the formula in the text, what is the lowest acceptable transfer price from the viewpoint of the selling division?
Definitions:
Net Income
The net income of a company once all costs and taxes are subtracted from the total earnings.
Total Assets Turnover
A financial ratio that measures a company's efficiency in using its assets to generate revenue.
Sales
Revenue generated from the sale of goods or services.
Total Assets
The sum of all current and long-term assets owned by a company, reflected on the balance sheet.
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