What Does “MM” Stand for in Dollars?

In 1976, orange M&Ms were introduced to replace the red variety. This was introduced to concern that the red dyes #2 and #4 could contain carcinogenic properties. However, the orange version was less popular, and red M&Ms were reintroduced in 1987. The candy was exclusively sold to the military during World War II, who took it all over the world. After the war, M&Ms started to be sold commercially, and the candy proved to be very popular. If a financial statement has a lot of large figures, the accountant may simply dispense with abbreviations.

The story started in 1941 when Forrest Mars Sr. of the Mars candy company contacted Bruce Murrie. Forrest Mars, Sr. was the son of the Mars Company founder, Frank C. Mars. During the Spanish Civil War in the 1930s, he had noticed soldiers eating the British candy Smarties. Gain unlimited access to more than 250 productivity Templates, CFI’s full course catalog and accredited Certification Programs, hundreds of resources, expert reviews and support, the chance to work with real-world finance and research tools, and more. While Roman numerals are technically additive (MM is really 1,000 plus 1,000 or 2,000), MM is still a fairly common way of abbreviating millions, especially in certain industries like oil and gas. This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

The History of M&Ms

In 1998, M&M’s were styled as “The Official Candy of the New Millennium”, as MM is the Roman numeral for 2000. This date was also the release of the rainbow M&M’s, which are multi-colored and filled with a variety of different fillings. They feature a crunchy, salty pretzel center inside of the chocolate coating.

This is based off the Roman numeral “M,” which stands for 1,000, and MM, which is used to indicate 1,000,000. 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, what does mm mean 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.

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The original M&M colors were red, yellow, brown, green, and violet. The candy was originally sold in cardboard tubes, just like the British Smarties. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. These were slightly larger than the milk chocolate version and featured a crispy wafer center.

All My Company Cares About is Money…

Although they are around the same size as Peanut M&Ms, their shape is more spherical. Forrest Mars Sr. struck a deal with Bruce Murrie to develop a hard-shelled candy with chocolate at the center. Murrie was the son of famed Hershey president William Murrie, and Mars needed to use Hershey’s chocolate because he predicted that there would be a chocolate shortage during the war. While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc. If, say, you use it for both units and dollars in the same document, separate the different categories so your readers don’t get confused. The Roman numerals MM are frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.

• However, M&Ms have remained one of the most popular types of candy in the world for decades.
• Roman numerals are often used in accounting to help abbreviate and designate numbers.
• M&M’s were offered “ogre-sized” (65% larger) in swamp/ogre colors.
• The company continues to develop and market new flavors and products in order to remain relevant.
• The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is Corporate Finance Institute’s recommended method, to avoid any potential confusion.
• In Week 5, she reappears alongside her husband, Daddy Dearest (DD).

They were part of a competition open to the public to choose the favorite between English Toffee, Mexican Jalapeño, and Thai Coconut. English Toffee M&Ms were the clear winners and remain popular to this day. Mega M&Ms were first introduced in 2007 to promote the Shrek movies.

However, they were discontinued in the United States in 2005 before being re-launched in 2015. The following is a summary of the changes to the colors of the flagship (milk chocolate) flavor of M&M’s, the only filling manufactured continuously https://www.bookstime.com/ since the beginning of the brand. From 1941 until 1969, each package contained M&M’s in five different colors; when red M&M’s were reintroduced in 1987, they were added as a sixth color instead of replacing any of the existing colors.

• In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions.
• Although peanut M&Ms were introduced in 1954, they were originally only available in a tan color.
• This table provides a summary of the Length or Distance units within their respective measurement systems.
• What matters is that readers look at the figures and understand the amounts.

The first incarnation of the characters in CGI was a 1994 celebrity campaign which had the characters interacting with celebrities on which M&Ms candy color is their favorite. Concurrent with 1995’s blue M&M campaign, M&M’s introduced second computer-animated “spokescandies” in their television commercials. The depiction and campaign of the M&M’s were made by Will Vinton in 1995.