<u>Given:</u>
Farmer's price = $1
Miller's price = $3
Baker's price = $6
<u>To find:</u>
The value added by the miller
<u>Solution:</u>
From the given, we can interpret that after purchasing from the farmer, the miller turns the wheat into flour by grinding and he sells the wheat flour to the baker.
This means that the miller added the cost of grinding with the purchasing cost. We can calculate the cost added by miller by subtracting the farmer's price from the miller's price that is 
Therefore, the value added by the miller is $2.
Answer:
videoconferencing
Explanation:
The new era of globalisation has paved the way for the new technology. Video conferencing, in the business sector, has gained a lot of popularity because it has given an opportunity for people to interact and participate interactively. It provides a high degree of channel richness, perfect quality. Video conferencing helps people to interact and communicate despite the long distance.
Answer and Explanation:
The computation of firm’s market value capital structure and the Weighted average cost of capital is shown with the help of spreadsheet. Kindly find it below
The formulas that we use in spreadsheet is shown below:-
WACC = Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
As per question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
The market rate of return - risk free rate of return = market risk premium