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What is MM in terms of dollars?

MM is a financial abbreviation that represents "million." In terms of dollars, 1 MM refers to 1 million dollars, or $1,000,000. This notation is commonly used in financial statements, accounting, and business reports to denote large sums of money efficiently.


What is the abbreviation FWIW and FYT stand for?

FWIW is an acronym for "For What It's Worth".FYT can stand for:"For Your Time" Here is an essay FYT about ..."For Your Trash" If you're bored here's a funny picture FYT..."For Your Thoughts" I found this quote FYT..."Financial Year Total" Used in financial reports."F@*ck You Too" Obvious usage.


Which measure of central tendency reports the value that occurs most often?

The mode reports that value that occurs most often.


What are two basic financial statements.Explain their importance to the various uses?

The two basic financial statements are the Income Statement or Profit & Loss Statement and the Balance Sheet. The Income Statement reflects the revenues and expenses for a period in time such as January 1, 20xx through the date you are working on say August 31, 20xx. These revenues and expenses give you the net income or (loss) for that particular period. The Balance Sheet is a report of the business for a point in time, August 31, 20xx. The assets and liabilities of the business as well as the owners equity in the business make up the Balance Sheet. Assets - Liabilities = Owners Equity. The net income or (loss) from the Income Statement flows over to the Balance Sheet under the Equity section. Business use these reports to understand the financial position of their business ans where to make changes for future years. Investors use these reports to make decisions on whether they want to invest or provide loans to the business. Accountants use these reports to prepare tax returns for both individuals and businesses depending on the type of entity the are...corporation, partnership, sole proprietorship.


Media reports can be evaluated for them and effectiveness is this true?

true

Related Questions

What is the difference between general purpose financial reports and special purpose financial reports?

General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.


When was My Medical Reports created?

My Medical Reports was created in 2008.


What is the Financial reports of San Miguel corporation?

What is the Financial reports of San Miguel corporation?


What can one do with the Lytec Medical Billing tools?

One can do multiple tasks with the Lytec Medical Billings tools. Some examples are claim filing, numerous financial reports, and create patient statements.


Which companies release financial reports?

All companies listed on the stock exchange are required to release annual financial reports to the public. All major companies such as Microsoft, Sony and Apple release financial reports.


What are financial reports that summarize the financial condition and operations of a business?

Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.


Who uses summary reports of the financial activities of a business?

Accountants and financial directors


What financial statement reports an organization's financial position at a point in time?

Balance Sheet


Who do public corporations file financial reports with?

state


Who reviews reports for SEC compliance?

Financial Accounting


What has the author Vernon Turley written?

Vernon Turley has written: 'The Banker's guide to auditors' reports and financial statements' -- subject(s): Auditors' reports, Financial statements


What is it called when a firm issues periodic reports?

periodic reports of a firm's financial position or operating results.