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 does MM mean in finance?
Using the MM Abbreviation
Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and so on. Using M or MM is pretty simple. If the company sells 26,000 units, the accountant can record that as 26M units.
Is it $10 MM or $10 m?
If we wanted to denote millions, we would show that as MM. For this, we should credit the Romans. M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million.
What does $3 MM mean?
Example of MM
Sales of $3,000,000 might be written as $3MM. I have seen one million represented by mn and also by m (both lower case). Hence, you might see $1,400,000 expressed as $1.4 million or $1.4MM or $1.4mn or $1.4m.
What does $25 MM mean in money?
It can, depending on the conventions of the user. Some people use $25m to denote $25 thousand, and $25mm to denote $25 million.
Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and ...
M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one ...
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 ...
The Roman numerals MM are used to indicate one million. Example of MM. Sales of $3,000,000 might be written as $3MM. I have seen one million represented by mn ...
May 28, 2023 · For example, a thousand is often abbreviated as (M), a million is abbreviated as (MM), and a billion is abbreviated as (BN) or (MMM). The goal ...
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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 ...