Bonus computations;

              24 HASKINS & SELLS May
Bonus Computations
We gave in the last number of the Bulle­tin
two formulae for computing bonuses.
The printer in the first formula by using an
equality sign instead of a minus sign made
the line next to the last look somewhat odd.
As it appeared it read—
B=5% X 6% B=5% I — 5% X 6% I.
It should have read—
B—5% X 6%-B=5% I — 5% X 6% I.
We trust no one was annoyed by the er­ror.
In the next issue we hope to publish a for­mula
dealing with a bonus and excess pro­fits
taxes.
Mr. Ludlam is serving as chairman of the
Accountants' Section of the National War
Savings Committee; also the National Se­curity
League.
Mr. F. C. Shobe, of the Cleveland staff,
sailed recently for France to take up his
duties on the staff of General Pershing.
Mr. Shobe has been assigned to special ac­counting
work. His appointment came with­out
any influence and is attributable to his
general moral character, qualifications and
attention to his duties as a soldier while in
training at Camp Sherman, Ohio. The
Cleveland office is justly proud of the ap­pointment.
The following members of the staff have
severed their connection, or "entered the ser­vice"
since the publication of the last bulle­tin:
Barley, Fred, New York—Otrophon
Steamship Company.
Buxton, S. H . , New York—Army.
Chaplin, W. F., New York—Emergency
Fleet Corporation.
Daub, F. W., Cleveland—-Army.
Fairlie, H . O., San Francisco—Service of
Great Britain.
Hathaway, J. E., New York—J. Aron &
Company, Inc.
Hjertberg, H., New York—U. S. Mort­gage
& Trust Company (Auditor.)
Parker, T. S., New York—U. S. Ship­ping
Board.
Seibel, H . R., New York—Navy.
Shobe, F. C., Cleveland—Army.
Wells, J. F., Detroit—Army.
Wuerz, Robert, New York—Resigned.