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What is the electroencephalogram (EEG), and what are three of the brainwave patterns it reveals?
Salvage Value
An asset's expected selling price once it has concluded its period of usefulness.
Sunk Costs
Past expenditures that have already been incurred and cannot be recovered.
Incremental Cash Flows
The extra cash flow from operations generated by a company when it embarks on a new project.
Net Present Value
The difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.
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