1. What benefits do entrepreneurs who compete in business plan competitions such as the one at Texas Christian
University gain?
2. Work with a team of your classmates to brainstorm ideas
for establishing a business plan competition on your cam-
pus. How would you locate judges? What criteria
would you use to judge the plans? What prizes would you
offer the winners, and how would you raise the money to
give those prizes? Who would you allow to compete in
your competition?
3. Using the ideas you generated in question 2, create a two-
page proposal for establishing a business plan competition
at your school.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)