Colored Fire Spray Bottles

In the pilot episode of Breaking Bad, chemistry teacher Walt White performs a demonstration in which he changes the color of a bunsen burner flame by spraying the flame with chemicals. You can perform the colored fire demonstration yourself. All you need are some common chemicals, alcohol, and spray bottles. Here is a list of metal salts you can use to (safely) color fire. The chemicals have low toxicity and any smoke produced wont be any better/worse for you than normal wood smoke: Colored Fire Chemicals Heres a list of common chemicals and the colors of flames they produce: Dark red lithium chlorideRed strontium chloride (found in emergency flares)Orange calcium chloride (a bleaching powder)Yellow sodium chloride (table salt) or sodium carbonateYellowish green borax (sodium borate, a common insecticide and cleaning agent)Green copper sulfate (found in some pool and aquarium chemicals)Blue copper chloride (lab chemical, but other copper compounds found in algicides and fungicides may work)Violet 3 parts potassium sulfate, 1 part potassium nitrate (saltpeter)Purple potassium chloride (sometimes sold as a salt substitute)White magnesium sulfate (Epsom salts) Prepare the Flame Colorants If you were just coloring a campfire or other wood fire, you could simply sprinkle the dry metal salts onto the fire. Copper chloride is especially nice for this since the sodium that is naturally present in wood causes this chemical to produce a mix of blue, green, and yellow flames. However, for the gas flame in a burner, you need the salts dissolved in a flammable liquid. The obvious choice here is alcohol. Common alcohols found around the home could include rubbing alcohol (isopropyl alcohol) or ethanol (e.g., in vodka). In some cases, the metal salts will first need to be dissolved in a small volume of water and then mixed with alcohol so that they can be spray onto a flame. Some salts may not dissolve, so what you can do is grind them into a fine powder and suspend them in liquid. Do not spray alcohol or any flammable chemical across a flame toward people! Safety Information While the colorants used in this demonstration are generally safe, this project involves flammable materials and flames. There is an innate risk of burns and uncontrolled fire. Be sure to have a working fire extinguisher handy, wear appropriate safety gear, and maintain a safe distance between the demonstration and the demonstrator/audience. Flames involving alcohol may be extinguished with water, by suffocation, or with any fire extinguisher. The demonstrator is advised to wear low-flammability clothing (typically natural fibers) rather than flammable synthetic clothing. A little preparation makes for a safe and memorable demonstration that will raise interest in chemistry! Disclaimer: Please be advised that the content provided by our website is for EDUCATIONAL PURPOSES ONLY. Fireworks and the chemicals contained within them are dangerous and should always be handled with care and used with common sense. By using this website you acknowledge that ThoughtCo., its parent About, Inc. (a/k/a Dotdash), and IAC/InterActive Corp. shall have no liability for any damages, injuries, or other legal matters caused by your use of fireworks or the knowledge or application of the information on this website. The providers of this content specifically do not condone using fireworks for disruptive, unsafe, illegal, or destructive purposes. You are responsible for following all applicable laws before using or applying the information provided on this website.

Business Environment Lecture 3 Free Essays

Investigate the economic, social and global environment in which organisations operate CONTENTS (Lecture 3): Resource issues and types of economic system: basic economic problem, effective use of Resources; type of economic systems — command, free enterprise, mixed, including transitional economies, public and private sector initiatives; private finance initiatives. Business Environment : We can divide the types of Business Environment into following categories. External Environment : It is largely consisted of uncontrollable factors , which includes economic, political , social, technological, natural amp; international factors. We will write a custom essay sample on Business Environment Lecture 3 or any similar topic only for you Order Now ECONOMIC ENVIRONMENT : Business is a micro economic unit . Its market behaviour exhibits the business’ economic decisions. Economic Environment refers to all those economic factors which can affect in any way the functioning of the business itself. In todays firm we see economists working on the strategic levels as the contribution of economists towards the successful running of the business is unavoidable.BASIC ECONOMIC PROBLEMS: ‘ Economy refers to the sum total of economic activities undertaken by the people of an area with a view to earning their living. †TR Jane et al (P1) Economic Problem: Human demands and needs are unlimited and resources are limited. It is not possible to satisfy each and every individual need , due to limited resources therefor we have to make choices as to how to make the optimum use of its scarce resources. It has to make decision as to how much should be allocated to the production of cars and how much to production of other metallic products.Therefore allocation of resources across its different uses can be classed as Economic Problem. Or Economic problem is the problem of choice or economical uses of scarce resources. www. bized. co. uk cited 11/11/2010 . Three Major Reasons Behind Economic Problems: 1. Unlimited Wants 2. Limited /Scarce Resources 3. Alternative use of Resources Effective Use Of Resources: Types of Economic System: 1. Socialist 2. Capitalist 3. Mixed DEFINITION: ECONOMIC SYSTEM: References: 1. TR Jain , OP Khana (2009-2010):Business Economics 2. How to cite Business Environment Lecture 3, Papers

Can be Contemporary Computing seen as an Assemblage

Question: Explain! Can be contemporary computing seen as an Assemblage. Answer: Introduction Actor-Network theory can be defined as the research that is developing in the field of science studies which bargains as the items being a piece of the informal organization. Regardless of the way that it is best known for its argumentative accentuation on the utmost of nonhumans to act or join in structures or frameworks or both, is moreover associated with convincing researches of normal and essential human science. Subterranean insect is consistently joined with the identical treatment of human and non-human on-screen characters. It acknowledges that all substances in a framework can and should be depicted in the same terms (Maple, 2012). Background of the Topic This section is divided into two consisting of different stories that depict the concept of contemporary computing can be seen as an assemblage and in relation to discusses the concept of Actor-Network theory. This theory serves to depict how actors structure organizations together and utilize non-human actors to reinforce such organizations together and to secure their interests (Arutyunov, 2012). Cloud Computing In this section, case study methodology is used to examine the cloud computing as modern computing and discussed in accordance to the actor-network theory. In this case an example of a leading online seller Amazon is taken into account which adapted cloud services into their business according to the Actor-Network theory. The main objective of adapting cloud services by Amazon was to offer its partners with web services. In the wake of creating different sorts of administrations, Amazon reinforces the entire aggressiveness of production network operation effectiveness with her accomplices. Cloud computing administrations are enhanced from their interior IT, initially boost their business process. At that point, Amazon enlists their ecommerce partners embracing their web administrations, and at that point cloud administrations inserted in their daily business process. Amazon reinforces their business values through the partners systems shaped by IT and cloud services. Thus according t o Actor-Network theory it can be said that the cloud services adapted by Amazon acts as actants in the society. And the ecommerce partners can be said as the actors acting in the society (Bansal, 2013). Cloud computing administrations are developed from their inner IT, initially boosting their business process. At that point, Amazon enlists their ecommerce partners embracing their web administrations, and at that point cloud services. For case, Amazon enlists her online store accomplices into the actor-network what's more, balances out system by inserting production network forms into their innovation. Amazons online store accomplices are difficult to sell out in light of bolted operation procedures in distributed computing innovation and administrations as well as services inserted in their daily business process. Amazon fortifies their business values through the partners systems framed by IT and cloud administrations. On the basis of Actor-Network theory, it is said that the human are the actants and non-humans i.e. cloud services in this aspect can be referred to as actors in the network. Actornetwork hypothesis demands the limit of nonhumans to be performers or members in syste ms and framework. Despite of the conflicts in this theory, it can be assessed that actors means non-humans plays an important role in this society to develop the network. The modern computing technology has involved itself totally into the modern society and thereby increasing the efficiency of the daily process in the business. Thus from this research it can be concluded that in this world of modern computing, actants are an important aspect for development of the network in the society (Gander and Wanner, 2012). Computer Games The evolution in the world of gaming can be denoted as modern computing technology which is having an adverse effect on the society. According to ANT (Actor-Network Theory), the computer games can be identified as actors and it plays an important role in the network. This section is to depict computer games as actors in the network that produce encounters 1by practicing control over the client's capacities, for instance their intellectual capacities. Utilizing PC programming more often infers that the client is the dynamic part who controls the association by data and direct control. Association with PC games is an alternate affair in light of the fact that the client demonstrates in an amusement world where the substance of the amusement has broad impact on the gamers conduct. In this context, we are going to demonstrate how games can be seen as actors and as coordinators of actors and activities on the basis of Actor Network Theory (Hajibaba and Gorgin, 2014). The primary thought of this theory is that moves dependably make place in cooperation between actors in systems when performing actors impact one another and battle for force. We more often than not see social cooperation between people along these lines, on the other hand, ANT contrasts from conventional social hypothesis by expressing that the performing artists are people as well as can be different components too. According to this theory, all components including humans and non-humans are to be considered as a part of the system. On the off chance that you need to play the amusement, human and non-human, specialized and non-specialized components are a piece of the system, and none of the components are per definition allowed uncommon control over the others. The games are acting as actors in the society which helps in the development of the humans in this modern world Sayes, E. (2014). Conclusion The concept of modern computing has evolved over the few years and almost fully developed an attachment in our society Farias, I., Bender, T. (Eds.). (2012). In this article, it has been discussed about the cloud computing quality and future innovation/administration improvement through ANT hypothesis. We contend that distributed computing qualities created through systems administration of IT, administrations, associations and their hobbies. In short, cloud computing is acting as actants in the society. In regards to computer games it can be described that the games are actors in the society which helps to develop the network in the society. Thus it can be concluded that despite of the conflicts of non-humans capability in the network it plays an important role to in the development of the network in the society (Tari, 2014). References List An introduction to modern mathematical computing: with Maple. (2012).Choice Reviews Online, 49(05), pp.49-2709-49-2709. Arutyunov, V. (2012). Cloud computing: Its history of development, modern state, and future considerations.Scientific and Technical Information Processing, 39(3), pp.173-178. Bansal, N. (2013). Cloud computing technology (with BPOS and Windows Azure).International Journal of Cloud Computing, 2(1), p.48. Gander, M. and Wanner, G. (2012). From Euler, Ritz, and Galerkin to Modern Computing.SIAM Rev., 54(4), pp.627-666. Hajibaba, M. and Gorgin, S. (2014). A Review on Modern Distributed Computing Paradigms: Cloud Computing, Jungle Computing and Fog Computing.Journal of Computing and Information Technology, 22(2), p.69. Tari, Z. (2014). Security and Privacy in Cloud Computing.IEEE Cloud Comput., 1(1), pp.54-57. Sayes, E. (2014). ActorNetwork Theory and methodology: Just what does it mean to say that nonhumans have agency?.Social Studies of Science,44(1), 134-149. Farias, I., Bender, T. (Eds.). (2012).Urban assemblages: How actor-network theory changes urban studies. Routledge.

The Schools Donation free essay sample

The donation money graciously given to the school should be used on adding honors and courses to the high school curriculum. An honor’s course is a class that can be taken through the school, a college level class giving the student who completes the course to receive double-credit. The student will receive high school and college credits. The student will be given a certain number of credits helping the student get some high school credits out of the way. The student will also receive college credits, giving them the opportunity to get a head-start on their college career; while saving money at the same time. Adding honors courses is the best way to use the donation money to benefit the most people. Many schools these days are offering their students more than just the basic classes. Today’s world demands more from kids and these honors courses will challenge students into becoming better and brighter people. We will write a custom essay sample on The Schools Donation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The students will benefit so much from challenging themselves. These courses are given to add depth to the curriculum by giving students the opportunity to pick classes that meet their interest’s and needs. Some students know what they want to be when they leave high school and others don’t; either one is okay, but these courses either let the student start on getting that occupation or allows them to explore and find things they excel at. These days’ kids want to be independent. They want to choose their own path and not listen to Mom and Dad. The student can sort of decide want skills they have and maybe discover something they didn’t even know they liked or were good at. These courses offer such a wide range of possibilities that a student can learn about. You could take a course in areas of English, Business, Math, Social Behaviors, Technology, even Mechanics, and Biology. All of these would give you an advantage taking these courses in high school will look really good on an application for college. The donation money would be a great investment in the honors courses. The cost of adding honors courses depends solely on the cost of that particular class. Each class will be different, but you can count on buying books for every class. The other cost is the teacher; if the course it taken on-line through a college a teacher will be provided, but otherwise a teacher knowledgeable on the subject will have to teach it. This will give a few teachers the opportunity to make some extra money or allow for a couple teachers to be hired. Not all cost is bad. There is one aspect of the cost of these classes that is a good thing. That is the cost that the students will save by taking these courses in high school. College tuition is not cheap, but you can get some of your general classes that you have to take in college out of the way and get closer to earning your degree. There are students who work very hard their whole academic career, and there are those that don’t. I think those students who do work hard should be rewarded for their efforts. These courses will also be a lot more challenging for the student and the grade could be worth more than a normal high school course. This would reward a student who has challenged themselves by being worth more for their total GPA. Our current GPA scale is 4 points for an A, 3 points for a B, 2 points for a C, 1 point for a D, and no credit for an F. â€Å"The GPA scale for an honors/advanced placement course would be 5 points for an A, 4 points for a B, 3 points for a C, 2 points for a D, and 1 point for an F.† (â€Å"Participating in Honors Courses†). The weighted GPA scale would reward the students who worked hard. It would also give a student who may have slacked off a little a chance to redeem themselves by taking harder courses and making up points on their GPA. I know that I had a semester that I became lazy and earned a couple C’s and regretted it. If I took a couple courses such as these I could maybe redeem myself to get a much higher GPA. This increases the chances for scholarships and other academic awards helping one’s college career. As you can tell, there are so many reasons that this is the best choice for the use of the donation. Everyone can benefit so much from adding honors courses to our high school. The students will receive a better education. The parents will be overjoyed at the accomplishments of their children. The school will receive praise and support from the community more than ever. Works Cited â€Å"Participating in Honors Courses.† 23 February 2008. . Knott, Gail. â€Å"Online Course Offerings.† Mid-Plains Community College. 23 February 2008.

What Is Model UN 4 Reasons to Join

What Is Model UN 4 Reasons to Join SAT / ACT Prep Online Guides and Tips Are you interested in politics or international relations and looking for a club that lets you do you hands-on activities?Have you heard of Model UN but aren’t sure exactly what it is? Read this guide to learn everything you need to know about what Model UN is, what participants in it do, and how to decide if it’s the right extracurricular for you to join. What Is Model UN? Model United Nations, often referred to as Model UN or MUN, is an extracurricular most commonly for high school students, but also available to college and middle school students. Model UN is a simulation of UN organizations such as theUN General Assembly, UN Security Council, UNICEF, and others. Its participants take the roles of ambassadors from various countries anddebate current issues.Model UNwas developed in the 1950s as a way to give students hands-on learningininternational relations, diplomacy, and the United Nations.Over 400,000 students around the world participate in Model UN each year. What Do Model UN Participants Do? The core of Model UN is its simulations of UN conferences where students (known as Model UN delegates) role playas UN ambassadors and delegates. If you join Model UN, you will be doing a variety of activities, includingresearching,debating, andcoming up with solutions with members of other countries.These simulations occur at Model UN conferences, which can be regional, national, or international. Conferencescan have anywhere from 30 to over 3,000 participants. When your Model UN team joins a conference, your team will be assigned a country and an issue relevant to that country that is currently being discussed in the UN. You can request a certain country, but you are not guaranteed to get it. Forexample, you may be chosen to represent Nicaragua at the Economic Commission for Latin America and the Caribbean (ECLAC). At the conference you attend, you will have to convince the other delegates to make decisions in your country’s favor. If you have a larger Model UN team, you may be assigned multiple countries or issues, and the team will break into smaller groups to cover each one.Conferences occur throughout the year, but you will be given at least a few weeks, and usually several months, to prepare your position before you attend the conference. Before theConference: In order to prepare for conferences, delegates must study the country and the issue they have been assignedandbecome well-informed on both.Most conferences require you to write a position paper that outlines your country’s position on the topic as well as suggestions you have for how to resolve the issue. If you’re representing Nicaragua for the ECLAC, you will need to research topics such as what sectors have the largest impact on the country’s economy, long-term and short-term economic trends in Nicaragua, if there are groups largely excluded from contributing to the economy (such as women or certain ethnic groups), who Nicaragua’s primary trade partners are, what the countryimports and exports, and multiple other topics. After discussing these issues in the position paper, you will have to come up with ways to improve Nicaragua’s economic situation. UN General AssemblyHall in New York City During theConference: Students will be organized based on the committees or councils they are part of, so all the members of the ECLAC would meet together. Each group will have a chair who will moderate the discussions. The chair is often an older student or adult. Delegates then give a speech outlining their country’s position on the issues and offering possible solutions. Most of this information will come from your position paper.After each delegate has presented their country’s position and potential solutions, there are question and answer sessions and debates (known as â€Å"caucusing†). The main goal during the conference is for your committee to develop a written resolution. After you have discussed different countries’ viewpoints, debated, and agreed on solutions, the entire group will work together to writethe resolution. The resolution will explain the issue your committee is focusing on and give a series of guidelinesin order to solve it. After the resolution is written, the committee will vote on it. If your resolution passes, that is a mark of your committee’s ability to work together and compromise well.Awards are also often given out at conferences to top delegates in each committee. These are often delegates who had well-designed position papers, debated effectively, worked well with other members, and took an active role in developing the written resolution. How CanYou Start a Model UN Group at Your School? If your school already has a Model UN group, you can probably join it the way you would join any other school club. If there is no Model UN club at your school, then you can also start your own. We have a guide that gives step-by-step instructions on how to start your own club, and we also have some specific tips for starting a Model UN club below. First, you’ll need a teacher to act as the adviserfor your Model UN club. When you apply to start a Model UN team, your school may assign a teacher, but, if not, consider asking a social studies teacher who likely has a strong background in the issues that Model UN discusses. After you have recruited members and set up meeting times, the next step is to choose which conference(s) to attend. Currently, over 400 conferences take place all over the world. You can search online for conferences, and a list of larger conferences is also available here. For new clubs, you may want to choose a conference that is close to your school in order to make traveling easier and less expensive. It’s possible for a Model UN team to sign up for multipleconferences, butif your team is just starting out, you may want to begin with only one or two conferences a year to make sure members aren't overwhelmed with work. Also, because new teams usually don't get first pick for what country they'd like to represent, if you'd like to represent a larger country like China or the US, you have a better chance of getting your first choice at a smaller conference. Be aware though that representing a larger country often requires more research and preparation. Once you have a conference selected, your team will be assigned at least one country and committee to represent.You can now divide up roles and begin researching. What Are the Benefits of Joining Model UN? Now that you know what Model UN is, what are the benefits of joining it? Model UN can be a great addition to a resume or college application, and I've discussed four of itsmost important benefits below. Benefit #1: Hands-On Experience in Politics, International Relations, and Current Events If you are planning a career in international relations, politics, or you’re simply really interested in these topics, Model UN is one of the best extracurriculars you can join because it gives you hands-on experience in these areas.Most of the time, students interested in these subjectscan only learn about them in class or by reading on their own.While this is a great way to get more information, itusually isn’t a very interactive experience. Model UN involves many of the same activities that actual UN delegates participate in, which is a great way to learn how different countries and committees work together to solve problems.Model UN conferences also focus on current issues, so you will be learning about relevant current events that are likely being discussed and debated around the world. Hands-on experience can makeunderstanding ideas and concepts easier, looks stronger on college applications because it requires more work, and is often more fun to participate in as well. Benefit #2: Improve Public Speaking and Debate Skills During a Model UN conference, you will spend a lot of yourtime giving speeches and debating with other delegates, which can really improve your skills in these areas. Public speaking and debate skills are useful for almost every career, so no matter what kind of job you want in the future, boosting your skills in these areas will likely benefit you down the line. Benefit #3: Learn Teamwork Skills Every step of Model UN requires teamwork, whether it’s dividing up research assignments, writing a position paper, orcreating a speech. At the conference, teamwork becomes even more important because you must work with the other delegates to come up with solutions that everyone is happy with and write a resolution paper together. Model UN delegates often gain experience in conflict resolution, consensus building, and negotiations, which are teamwork experiences many other clubs don’t offer. Strong teamwork skills are very important to colleges because they want to admit students who will work well with their classmates and other students on campus. Having strong teamwork experiences such as the ones you can get through Model UN can help strengthen your college applications. Benefit #4: Possibility of Travel If you participate in Model UN, there is also the possibility of traveling to new cities or even new countries.Model UN conferences are held around the world, and if your team can afford to travel to a foreign conference, you can get the added benefits of exploring a new placeand culture, as well as meeting students from other countries. If you join Model UN, you may get to travel to some exciting places for conferences. Soshould you join Model UN? If you have enough time in your schedule and are at all interested in international relations, politics, debating, or public speaking, then Model UN can be a great extracurricular to get involved in because it includes a lot of hands-on, relevant work and can be a strong addition tocollege applications. If you're still unsure, drop by a meeting at your school to get a sense of what joining the club would be like. Summary Model UN is a club for middle school, high school, or college students whose members simulate UN committees. Model UN members are assigned at least one country and committee. They research the country and the relevant issues to prepare for a conference. At the conference, students representing many countries and issues come together to debate their positions and agree on solutions. Model UN is a great extracurricular for students looking to learn more about politics, current events, or international relations and for students who want to improve their public speaking or debate skills. You can learn more about Model UN here. What's Next? Looking for other after-school activities? We have a list of over 200 extracurricular ideas, and it's sure to include something that interests you! Considering community service or volunteer work? We have a guide to the nine best places to do community service! Interested in more opportunities for travel? Read our guide on volunteer abroad programs and learn if they're really the best option for you. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Revival of Parisian Haute Couture after WWII Essay

Revival of Parisian Haute Couture after WWII - Essay Example World War II is considered to be the dark years of otherwise richest fashion industry, Paris. Before the war, the whole world looked towards Paris for fashion, accessories, fabrics, and inspiration. On the other hand, Pre-WWII America was merely a Parisian fashion admirer and consumer (Murgia 2013).It is quite interesting to explore how Paris made such remarkable comeback on international scene, despite the unparallel decline in prominence, social life differences between US and Europe, and most significant of all, momentous progress of American fashion industry during the 1940s. No doubt, WWII marked the end of European supremacy in the visual arts, and increasing momentum of New York art scene, however, equivalent enhancement of fashion scene couldn’t take place. Rather, United States’ magazines published articles like â€Å"How to buy a Dior Original† that presumed French couture as every American woman’s dream. Despite the time-consuming and expensive process of dressmaking by a French designer, American women found it priceless (Steele 1998). In addition to state efforts, and clever marketing strategies of French couturiers, â€Å"the sheer prestige of Pars fashion contributed to its post-war revival,† as Steele (1998) puts it. ... Hats made their ways into an otherwise politically correct dress. They found a creative outlet in the use of feathers, raffia, and different leftover items (Peterson et al. 2008). America was nearly disconnected with Paris during War years, therefore, most American couture houses and ready-to-wear manufacturers incorporated American designers in their teams. It provided Americans with freedom to create new styles without getting influences by Paris. In that period, American designers like Gilbert Adrian secured the leading position one fashion scene2 (quoted in Murgia 2013). After liberation from German occupation, French designers who showed association with Nazis were ignored. Even though Channel closed her Paris fashion one year before the war, her love affair with a high official of Nazis created unfavourable situations that made it difficult for her to open salon in Paris for many years after the war. Unlike Americans, French designers rejected the war related non-French frugali ty (due to rationing) and made luxurious use of materials. Such attitudes and emerging American designers’ popularity triggered a shift from Paris as the arbiter of all fashion (Peterson et al. 2008). During 1945, in their efforts to revive French fashion and regain the lost status of Fashion capital, fifty-three French couturiers joined hands to organize a travelling exhibition, called Theatre de la Mode. Some of the prominent names of this group included Cristobal Balenciaga, Jean Patou, Robert Ricci, Jacques Fath, and Elsa Schiaparelli. They revived an old-age exhibitions style of dressing up 200 dolls with complete dress, undergarments, hats, shoes, gloves, jewellery, handbags, and umbrellas

Modern Furniture Evaluation Essay Example | Topics and Well Written Essays - 1250 words

Modern Furniture Evaluation - Essay Example Preferred stock is a class of ownership in a corporation that has a higher claim on the assets and earnings than the common stock. Preferred stock generally has a dividend that must be paid out before the dividends to common stockholders and the shares usually do not have voting rights. Each company can work out the details pertaining to the issue of preferred stocks. However preferred stock can be considered as a financial instrument that possesses the characteristics of both debt (with fixed dividend) and equity (potential appreciation). (Investopedia) A convertible debt or security is a bond or a share of preferred stock that can be converted at the option of the holder into common stock of the same corporation. The investor is provided with a fixed return from a bond or with a specified dividend from the preferred stock. In addition the investor has an option to covert it to common stock. As a result the company is able to sell a convertible security at a lower yield than it would have to pay on a straight bond or preferred stock issue. This is an advantage for issuing convertible securities. (James C.Van Horne) A Warrant is an option to purchase a specified number of shares of common stock at a stated price. When the holder of a warrant exercises his option he surrenders the warrants. Warrants are often employed as 'sweeteners' to a public issue of bonds or debt that is privately placed. As a result the company should be able to obtain a lower rate of interest than it would otherwise. For companies that are marginal credit risks the use of warrants may make the difference between being able and not being able to raise funds through a debt issue. Occasionally warrants are directly sold to investors directly against cash. On other occasions they are used in founding of the company issued as compensation to underwriters and venture capitalists. Mostly warrants are issued in connection with a debt issue often a private placement. (James C.Van Horne) A primary financial instrument evidences a direct claim against some other party. These instruments often are traded in the spot market with prices set by the usual forces of demand and supply. In contrast a derivative security derives its value from an underlying primary security. One of the examples for the underlying security for derivatives is the stock option. Movements in the price of the underlying asset, the stock in this case drive the value of the derivative instrument, the option. Derivatives may take the form of simple put and call options on stocks. These options were traded in relatively illiquid over the counter markets. However with the tremendous financial innovations occurred in the last two decades the role of derivative securities in the financial markets have increased manifold touching new heights. (James C. Van Horne) Modern Furniture Company Total Number of shares outstanding: 3,000,000 Cash Dividend Proposed: $ 1.60 per share Total Earnings of the firm $ 12,000,000 Earnings per share $ 4.00 Market Value of the Share $ 88.00 P/E Ratio P/E Ratio is given Market Value per Share Earnings per Share 88.00 4.00 = 22 Dividend Yield and Dividend Payout Ratio Dividend Yield is given by Annual Dividends per