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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Roman numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) in millions.
Sep 29, 2023 · Examples of MM in accounting $1MM Equity (Capital Balance) = Beginning Balance + Income ($10M) - Draw ($4MBy looking at this example, you know ...
May 28, 2023 · We often find the abbreviation (mm) on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause ...
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 ...
If you're confused about the letter designations that stand for thousands and millions, you're not alone. And it's not your fault.
Jan 3, 2024 · MM is the abbreviation used to represent the figures in millions. Many financial institutions, banks, and large companies use the abbreviation ...
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Apr 9, 2021 · A cash loan of $10MM on the books would mean $10 million and so on. The MM abbreviation can also be applied to clients, units of items, and any ...
May 18, 2022 · $1MM is 1 million. $1M is 1 thousand.
Jul 4, 2020 · In accounting speak, a written "MM" means a million, whether the accountant is referring to units, dollars, euros or shares. Rather than ...