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Of Company is $15,000,000 shares of $ 100 each i.e. $ 1,500,000,000. Out of which, it issued $ 100,000,000 worth of shares only. Suggest to the company how to represent the same. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results.
One theory says the use of M was because Romans measured a mile as a thousand paces. Another theory is that it is a misprinting of the Greek letter phi. At Old Republic Surety we seek to deliver you transparency and clarity in our communications.
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The Roman numeral M is used to indicate units in thousands. For example, an annual salary of $60,000 might appear as $60k instead of $60M. I know I have seen jobs posted that pay $50K, and K is meant to stand in for a thousand. K comes from the Greek word kilo which means a thousand. The Greeks would likewise show million as M, short for Mega. So if we stay consistent with the Greek abbreviations, then billion would be shown as a letter G .
It’s good to understand that these differences exist. In the marketing and data world, “M” stands for per thousand records of data. In the print world, it would stand for per thousand sheets of paper, or other print functions like inserting, or completed print pieces. Many manufacturers also use “M” in their per unit pricing.
How Do You Abbreviate Million Dollars?
If you see an does mm mean million that is confusing or unclear, please reach out to your local underwriter or branch for clarification, even if you are just asking for a friend. Western civilization has had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god of the sea as Poseidon, whereas the Romans would call him Neptune. For the Romans, the god of wine would be Bacchus, and for the Greeks, it would be Dionysus. These differences carry themselves into many parts of our culture, including financial analysis.
As a young banker in the mid-80s, I learned what had been taught for many decades before, that we abbreviate thousands in our analysis with the letter M. If we wanted to denote millions, we would show that as MM. M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million.