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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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 ...
The Roman numeral M is often used to indicate one thousand. Example of M. An expense of $60,000 could be written as $60M. Internet advertisers are familiar with ...
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 ...
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May 18, 2022 · $1MM is 1 million. $1M is 1 thousand.
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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Jul 4, 2020 · Similarly, MM means “one thousand thousand” or one million. Therefore, $50MM represents $50,000,000.
Jan 3, 2024 · The history is M represents the number one thousand dollars in roman numbers, and M represents thousands, so MM is used to represent millions as ...
Jul 26, 2023 · In its simplest terms, a million is “one thousand thousand”. The word “million” is most often used in reference to money, but is also ...