In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).
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What is MM in business terms?
MM is the abbreviation used to represent the figures in millions. Many financial institutions, banks, and large companies use the abbreviation MM to represent the figures in millions.
Jan 3, 2024
What does MM stand for?
Millimetre (mm) Millimolar (mM), a unit of concentration of a solution. Momme, a unit of textile measurement. One million (MM), used in reference to currency.
What is a business MM?
A business money market account is essentially a cross between a checking account and savings account. You can make unlimited deposits and access your money whenever you need it. While a money market account requires a higher deposit than a standard savings account, it also lets you earn a higher interest rate.
What does MM mean in marketing?
In marketing, MM can mean mass media or mixed media. In a medical connotation, MM may represent multiply myeloma or molecular medicine. On a financial statement, you can express $1 million as $1MM to provide more clarity when you present these numbers to your accounting department and senior management.
Sep 29, 2023
Sep 29, 2023 · $1MM Equity (Capital Balance) = Beginning Balance + Income ($10M) - Draw ($4MBy looking at this example, you know the company had $1,004,000 ...
MM Means Other Things ... Like most simple abbreviations, MM stands for a number of things in the business world other than millions: ... If you think there's any ...
May 28, 2023 · Typically we think of a million being abbreviated as (M). Yet, often in finance and accounting, we find that this abbreviation deviates from ...
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Apr 9, 2021 · Without much explanation, we can say that when used in accounting records, MM means millions. You can see this abbreviation, for example, on a ...
Jan 3, 2024 · MM is the abbreviation used to represent the figures in millions. Many financial institutions, banks, and large companies use the abbreviation ...