The Roman numeral M is often used to indicate one thousand, and MM is used to indicate one million. For example, an expense of $60,000 might appear as $60M. Sales of $3,000,000 might be written as $3MM. Internet advertisers are familiar with CPM which is the cost per thousand impressions.
In recent years some people began using k to represent one thousand. For example, an annual salary of $60,000 might appear as $60k instead of $60M.
In a recent business publication I saw million represented by mn and also by m (both lower case). This means it is possible for you to see $1,400,000 expressed as $1.4 million or $1.4mn or $1.4m or $1.4MM or $1,400k or $1,400M.
All 1030 questions have been answered personally by Harold Averkamp, CPA, MBA. Harold is the sole-author of all the instructional content found on AccountingCoach.com.
After working as an accountant, consultant, and university accounting instructor for more
than 25 years, Harold Averkamp formed AccountingCoach in 2003. His goal was to
share his knowledge and passion for teaching accounting with people throughout the
world at a very low cost. Read More...