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> An expense of $60,000 could be written as $60M. Internet advertisers are familiar with CPM which is the cost per thousand impressions. > The letter k is also
by david_allison 4y ago
> An expense of $60,000 could be written as $60M. Internet advertisers are familiar with CPM which is the cost per thousand impressions.
> 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-stand-for https://www.accountingcoach.com/blog/what-does-m-and-mm-stan...
- programmer_dude 4y ago> An expense of $60,000 could be written as $60M This is unfortunate. $60,000 is $60K (capital K not k) using SI suffixes. Please reject M=1000 today.
- david_allison 4y ago> 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.
- programmer_dude 4y agoHelp the convergence along by objecting to the use of M=1000 wherever you see it. We already have an unambiguous standard (it is the SI system of units and suffixes if you are unsure). People should be using it.
- bruce343434 4y agoAs a European, I have never seen suffix M = 1000. It’s always a million. Is this one of those things America does different?
- david_allison 4y agoIt's inconsistent worldwide https://old.reddit.com/r/FinancialCareers/comments/usdr2d/lets_settle_this_millions_of_dollars_on_a/ https://old.reddit.com/r/FinancialCareers/comments/usdr2d/le...