$1m vs. $1MM...what's the difference?

$1m and $1MM can both represent $1,000,000

Typically, in real estate the short hand for $1,000 is $1K, while the shorthand for $1,000,000 is $1m. 

In finance, however, we use $1M to represent $1,000 and $1MM to represent $1,000,0000.

MM in Roman numerals
MM is an abbreviation for millie millia, which in Latin means million. The two words translated separately mean the singular thousand and the plural thousands--a thousand thousands. Together they translate as directly as million.

Example: $1,400,000 Can be expressed as $1.4 million or $1.4mn or $1.4m or $1.4MM or $1,400k or $1,400M.

short Term Financing methods

To Finance Short-Term Capital, Companies can use the following  :-

Trade Credit
Companies buy raw materials, components, stores and spare parts on credit from different suppliers. Generally suppliers grant credit for a period of 3 to 6 months, and thus provide short-term finance to the company. Availability of this type of finance is connected with the volume of business. When the production and sale of goods increase, there is automatic increase in the volume of purchases, and more of trade credit is available.

Bank Overdraft and Cash Credit

It is a common method adopted by companies for meeting short-term financial requirements. Cash credit refers to an arrangement whereby the commercial bank allows money to be drawn as advances from time to time within a specified limit. This facility is granted against the security of goods in stock, or promissory notes bearing a second signature, or other marketable instruments like Government bonds or over fixed deposits. Overdraft is a temporary arrangement with the bank which permits the company to overdraw from its current deposit account with the bank up to a certain limit. The overdraft facility is also granted against securities. The rate of interest charged on cash credit and overdraft is relatively much higher than the rate of interest on bank deposits

Factoring

The amounts due to a company from customers, on account of credit sale generally remains outstanding during the period of credit allowed i.e. till the dues are collected from the debtors. The book debts may be assigned to a bank and cash realised in advance from the bank. Thus, the responsibility of collecting the debtors' balance is taken over by the bank on payment of specified charges by the company. This method of raising short-term capital is known as factoring. The bank charges payable for the purpose is treated as the cost of raising funds.

Discounting Bills of Exchange

This method is widely used by companies for raising short-term finance. When the goods are sold on credit, bills of exchange are generally drawn for acceptance by the buyers of goods. Instead of holding the bills till the date of maturity, companies can discount them with commercial banks on payment of a charge known as bank discount. The rate of discount to be charged by banks is prescribed by the Reserve Bank of India from time to time. The amount of discount is deducted from the value of bills at the time of discounting. The cost of raising finance by this method is the discount charged by the bank.

Difference between NPV and IRR

Difference between NPV and IRR

Key differences between the most popular methods, the NPV - Net present
Value Method and IRR-
internal rate of return Method, include:

• NPV is calculated in terms of currency while IRR is expressed in terms of the percentage return a firm expects the capital project to return;

•  NPV Method is preferred over other methods as it calculates additional wealth

• The IRR Method cannot be used to evaluate projects where there are changing cash flows (e.g., an initial outflow followed by in-flows and a later out-flow, such as may be required in the case of land reclamation by a mining firm);

•  IRR Method - understandability is better and since the concept of returns is stated in percentages and find it easy to compare to the required cost of capital

• Both DCF models( discounted Cash flwo Methods)  the use of the IRR Method can lead to the belief that a smaller project with a shorter life and earlier cash inflows, is preferable to a larger project that will generate more cash.

• Applying NPV using different discount rates will result in different recommendations.