Question

How many Milimetre are there in 1 trillion? (Wrote in full solution)​

Answer 1

Answer:

In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. Thus, 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). This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

Example of MM in financial statements

The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions. The example below shows how figures can be portrayed in millions.

As you can see in the figures above, net income and preferred dividends are labeled as being $mm (millions of dollars), shares authorized and shares outstanding are labeled as mm (millions of shares), and earnings per share (EPS) are labeled as $/share.

In this example, we intentionally chose a piece of analysis that contained various different units, such as dollars and shares. When an analyst must present various different types of units, it is recommended to add a “units” column so that each item contains a label for easy reference.

When preparing financial statements, accountants will typically write a note at the top of the income statement or the balance sheet saying, “All figures are expressed in millions of U.S. dollars,” for example.

Download CFI’s Excel template to edit the figures yourself.

Alternative notations to MM

The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions.

For example, $100k x 10 = $1M

ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜʜʜ✌️

❥ᴘʀɪʏᴀ

Answer 2

Step-by-step explanation:

1 trillion is 1,000,000,000,000

hope it helps