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You can request verification for native languages by completing a simple application that takes only a couple of minutes. The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases. You will also have access to many other tools and opportunities designed for those who have language-related jobs . Participation is free and the site has a strict confidentiality policy. Especially when it comes to measurements and the difference between M, mm, and ml and mil. As we dig in, one consistent thing you’ll notice is the prefix “mil” which means thousand or thousandth.
Those rates are expressed per thousand and the MM does mm mean million millions. Likewise, we may quote you a single and aggregate contractor line of authority. That line may be expressed, for instance, as $5MM single and $15MM aggregate. You will find this quoting method common in printing and the online media industry. For example, paper mills often quote in this unit to help compare apple to apple ($26.15/M for 50 lbs. paper vs. $30.22/M for 70 lbs. paper).
MM to USD Converter Stats — Volatility and changes in Million price (USD denominated)
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Similarly, the best way to abbreviate billions on a resume is “B.” You can spell out “billion,” but don’t use “BB” — the double letter is only used in millions to avoid confusion. So, “10,000,000” could become “10MM” or “10M.” “10 million” is also acceptable, but don’t use “10mill,” which is overly informal — stick to the more common abbreviations. Unfortunately, there isn’t a consistent approach to labeling units. The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is CFI’s recommended method, to avoid any potential confusion. In this example, we intentionally chose a piece of analysis that contained various different units, such as dollars and shares.
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Other numbers, such as “thousand,” have more interesting abbreviations, such as “k.” The three letters “mil” are very clearly defined as mbeaning million, so you shouldn’t run into any issues. If a financial statement has a lot of large figures, the accountant may simply dispense with abbreviations. Stating at the top of the report that “all figures are in millions of dollars” should take care of it. Both approaches are allowed under standard accounting rules. What matters is that readers look at the figures and understand the amounts.
However, there are official abbreviations out there that you might come across, and it would help to know about them. We’ll explain the correct abbreviation for “million” in this article. There seems to be no authority on this, and I can see the case for each. Yes, you can spell it out, but there sometimes isn’t room, especially in tables. I will say though, in the vast majority of cases, the context makes it clear that you’re talking about millions. So it’s not for lack of clarity, I just want to know if there is a definitive answer for this.
