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4 sie 2015 · In terms of dollars, MM stands for 1,000,000. This is based off the Roman numeral “M,” which stands for 1,000, and MM, which is used to indicate 1,000,000. There are actually a few different ways that 1,000,000 can be expressed when it comes to writing dollar amounts.
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).
Definition of MM. 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 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.
28 maj 2023 · Instead of having $10,000,000 in revenue, $6,000,000 in cost of goods sold, and $4,000,000 in gross profit on the income statement, we can easily reduce the length of these figures using the (MM) abbreviation.
3 sty 2024 · Million Conversion Table. Importance and Use. Conclusion. Recommended Articles. Explanation. You are free to use this image on your website, templates, etc, Please provide us with an attribution link. MM is the abbreviation used to represent the figures in millions.
29 wrz 2023 · Learn more about how the Roman numeral, MM, is used in accounting and explore examples of where to add it to financial reports like a balance sheet or an income statement.
Using M or MM is pretty simple. If the company sells 26,000 units, the accountant can record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM. The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers.
