Pretend you are the CFO of Starbucks, and you must create a budget for the next year of operations.
Review the consolidated income statement for Starbucks Corporations 2011 fiscal year. How may you project what the budget will include for the 2012 fiscal year?
What additional questions do you have, what additional information will you need, and where can you find the answers to those questions?
Consider the sales that will occur in 2012. Do you need to create a sub-budget for sales exclusively that will be part of the overall operating budget? What may the sales budget include?