Budgeting is a critical operational component of a manager's duties. Proper budgeting implies that it allows companies to effectively plan for the management of resources within the context of product and goods delivery, while not losing sight of the need for cash flow. Cash flow is critically important to the health of a business. Being able to budget within the constraints of estimated and actual cash flow allows companies to spend no more than needed in operational functions for purchasing, producing, and delivering goods and services.

You're the warehouse manager for Tandy Leather Factory. You have been asked to present a quarterly budget and financial plan to the president of the company. You will need to examine last year's financial statements, last quarter's earnings, and this quarter's estimated sales. You will use market analysis from Yahoo! Finance and the annual earnings report from last year. Create slides presentation of the budget, the presentation should cover the cost of managing the inventory, shipping, warehouse machine maintenance (forklifts, pallet jacks, pallet wrapping machines, computers, handheld inventory devices, etc.), personnel costs for 75 employees, two office clerks, and two managers. The budget will be based on an 8-hour workday, 5 days a week, and the cost for a 1-day shutdown of the warehouse for a quarterly inventory count.