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Example of M. An expense of $60,000 could be written as $60M. Internet advertisers are familiar with CPM which is the cost per thousand impressions. The letter k is also used represent one thousand. For example, an annual salary of $60,000 might appear as $60k instead of $60M.
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.
How Do You Abbreviate Million Dollars? Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance. So a million dollars is written as $1MM.
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).
In accounting speak, a written "MM" means a million, whether the accountant is referring to units, dollars, euros or shares. Rather than writing $400,000,000 or $400 million, the accountant can use the MM abbreviation and write $400MM instead.
The Gregg Reference Manual points out this problem, for example: In Roman style, 48M means 48,000; in metric style, 48M means 48,000,000. I wish my bank would interpret my $48,000 as $48,000,000, but I don’t think it is going to happen. Therefore, I will continue to teach business writing. Take one of our courses here!
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.
Here, then, is a real answer, courtesy of the hush-hush world of private banking: US$25 million. Twenty-five million dollars in investable wealth. The kind of money you could afford to see dip...
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.
A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using...