6 million. Slipped my mind that MM is industry specific.
M is ambiguous between the Roman (M = 1,000), the SI prefix (M = 1,000,000), and metres (screen readers).
$1MM (capitalized) or $1mn (more recent) reduces the ambiguity.
M is ambiguous between the Roman (M = 1,000), the SI prefix (M = 1,000,000), and metres (screen readers).
$1MM (capitalized) or $1mn (more recent) reduces the ambiguity.
Thanks for the explanation though. Next we'll get into how a european billion is 1000 times more than a US billion.
The British billion went out in 1974/5 (Wilson/Healy). One billion is 1,000,000,000 and you shouldn't expect ambiguity there.
In practical terms, it doesn't matter. It'd be extremely unusual to be at the scale of the old billion (1,000,000,000,000)
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This is similar to a justification of using `i` as the variable for an iterator, or `x` and `xs` for head & tail. There are logical reasons, but it's mostly convention.
Meters is lowercase m. And nobody uses Roman numerals as a suffix. MM is just unnecessary.
Just because you don't use them, or aren't aware they are used, does not make it unnecessary.
Edit:...
>Roman numerals have been used far longer than the SI system has existed
Indeed it has. But has its use as a suffix existed for just as long? BTW I am also disappointed that the people still use Roman numerals :) (also completely unnecessary, the Indo-Arabic number system is "better").
> The letter k is also used represent one thousand. For example, an annual salary of $60,000 might appear as $60k instead of $60M. [0]
k and MM are unambiguous. You don't want to stop & think, and you definitely don't want to be off by a factor of 1000. So it makes sense to avoid typing 'M' if you have any risk of being misinterpreted.
It's mostly about the reduction of risk, it's VERY rare to see M used in this way.
[0] https://www.accountingcoach.com/blog/what-does-m-and-mm-stan...
This is unfortunate. $60,000 is $60K (capital K not k) using SI suffixes. Please reject M=1000 today.
This is infeasible, and what does it mean to reject something in a written document?
I don't understand what you're trying to accomplish here: you're arguing against an established convention in a sector of the market which you don't have experience with.
The upside if you're successful is that I don't need to type an additional 'M'.
The downside is that it requires enforcing a blanket standard on an industry, rather than letting it converge over time to an unambiguous standard.
https://old.reddit.com/r/FinancialCareers/comments/usdr2d/le...