EXHIBIT 1. ACTUAL AND PROJECTED SALES IN NUMBER OF TRAILERS Actual Sales 2015 2016 2017 2018 2019 2020 13,765 14,880 15,991 17,809 19,634 23,322 Projected Sales 2021 2022 2023 2024 2025 28,000 33,600 40,320 48,384 58,060 EXHIBIT 2. FINISHED GOODS INVENTORY Budget: December 31, 2020 1,000 trailers Current finished goods 300 trailers *plus* Inventory formula + 20% of the next month's sales IMA EDUCATIONAL CASE JOURNAL VOL. 14, NO. 1, ART. 1, MARCH 2021 5 2021 IMA EXHIBIT 3. SHEET ALUMINUM V Trailer requirements 30.0 square yards Cost per square yard in the Spring Current finished goods $15.00 Cost per square yard in December/January $8.00 EXHIBIT 4. SHEET ALUMINUM BUDGETED COST $8.00 cost per square yard EXHIBIT 5. RAW MATERIALS INVENTORY Sheet aluminum on hand at the end of each month 50.0% of the following month's production needs Raw materials inventory budget December 31, 2020 39,000 square yards EXHIBIT 6. BUDGETED EXPENSES FOR THE FIRST SIX MONTHS 2021 January February March Aluminum $816,000 $1,056,000 $888,000 Other materials 54,000 264,000 222,000 Wages 624,000 1,008,000 1,104,000 Heat, light, & power 130,000 195,000 220,000 Equipment rental 390,000 390,000 390,000 Equipment purchases 300,000 300,000 300,000 Depreciation 250,000 250,000 250,000 Selling & admin 400,000 400,000 400,000 April May June Aluminum $552,000 $336,000 $240,000 Other materials 138,000 84,000 90,000 Wages 672,000 432,000 240,000 Heat, light, & power 135,000 110,000 110,000 Equipment rental 340,000 340,000 340,000 Equipment purchases 300,000 300,000 300,000 Depreciation 275,000 275,000 275,000 Selling & admin 400,000 400,000 400,000 IMA EDUCATIONAL CASE JOURNAL VOL. 14, NO. 1, ART. 1, MARCH 2021 6 2021 IMA EXHIBIT 7. ACCOUNTS PAYABLE FOR ALUMINUM AND OTHER MATERIALS PURCHASED DURING DECEMBER 2020 A/P: Aluminum $700,000 A/P: Other materials $150,000 EXHIBIT 8. BANK LOAN DETAILS / MINIMUM CASH BALANCE REQUIRED Requested loan amount $800,000 Loan duration (in days) 90 Mininum cash balance required by directors $100,000 EXHIBIT 9. ACTUAL 2020 AND PROJECTED 2021 SALES 2020 Actual 2021 Projected January 1,983 2,500 February 3,218 4,000 March 3,981 5,000 April 3,240 3,000 May 1,755 2,000 June 901 1,000 July 763 1,000 August 611 1,000 September 1,622 2,000 October 1,678 2,000 November 1,439 2,000 December 2,131 2,500 Total Trailers 23,322 28,000 IMA EDUCATIONAL CASE JOURNAL VOL. 14, NO. 1, ART. 1, MARCH 2021 7 2021 IMA EXHIBIT 10. ACTUAL AND BUDGETED SALES November 2020 (actual) $1,439,000 December 2020 (actual) $2,131,000 January 2021 (budgeted) $2,500,000 February 2021 (budgeted) $4,000,000 March 2021 (budgeted) $5,000,000 April 2021 (budgeted) $3,000,000 May 2021 (budgeted) $2,200,000 June 2021 (budgeted) $1,100,000 EXHIBIT 11. ACCOUNTS RECEIVABLE COLLECTION SCHEDULE Of a month's sales collected in: Month of sale 25% Month following sale 10% Second month following sale 60% - The remainder is uncollectible - EXHIBIT 12. SUGGESTED CONSTANT PRODUCTION LEVELS First suggested level 3,000 Second suggested level 3,500

Prepare production, purchasing (aluminum), and cash budgets for Travel-Space Trailers for the first six months of 2021. After preparing the budgets: a. Discuss any issues you suspect may exist in Travel-Space Trailers cost estimates, including the costs of aluminum, equipment, and selling and administration costs. b. Discuss any issues you suspect may exist in Travel-Space Trailers financing plans. c. Discuss any issues you notice in Travel-Space Trailers procedures for preparing budgets. 3. Using the budgets you prepared for the previous question, produce two or three graphs visualizing what you consider to be the most important data to consider, such as: a. Trailer production during the first six months of the year. b. Cash collections and disbursements during the first six months of the year. Explain how each of these visualizations illustrates one or more of the issues you raised in the previous questions. 4. What changes, if any, would you recommend Travel-Space Trailers make to its budgeting procedures, its sales strategies, its production strategies, and its performance evaluation system to improve financial performance, company culture, and relationships between members of the executive team?