Cognitive science has identified best practices for enhancing ones learning. One of many key practices is teaching a subject or explaining a topic to another person. Another practice is learning from mistakes. In this approach a learner reviews errors attempting to understand the mistake by explaining why a question was answered incorrectly, followed by explaining the solution path to a correct answer.

Topics on the second exam (chapters 1, 2, and 3) are pivotal to success in the course. Given that, Ive created an optional assignment using the support of cognitive science that should lead to better understanding of these key topics. Completing this assignment with integrity can lead to enhanced learning of prior topics and thus better understanding of upcoming topics and increased exam scores.

As an incentive I will add up to 60% of missed points to the exam score. For example, a score of 50 mean 50 points were missed. That means successfully completing this assignment can lead to 30 points being added to the score on exam 2. That means the score can go from a 50 to a 80. This is a jump from an F to a B.

How to proceed:

1. Create a Word document that you will submit in the below assignment drop box.
2. Indicate each question number you are responding to. Additionally, type-out the question you are responding to. For example, Calculate gross profit rate.
3. Next, use an indented bullet point to write your performance analysis for the question you are responding to.
   • State why you chose the incorrect response and why it is wrong (explain your thinking).
     • Responses such as I forgot or I marked incorrectly or something similar will only earn credit if a strong reason is shown for why the response is incorrect.
4. Next, use another indented bullet point to explain the solution process to arrive at the correct response (show your thinking).
5. Submit by the due date.

Example:

4. Using the below information calculate dividends.

• My response is incorrect because this question requires me to apply the calculation for retained earnings and solve for dividends. The calculation requires me to use net income, but I couldn't calcuate it. There were too many numbers that I was unfamiliar with and therefore I couldn't calculate net income.
• To calcuate net income I must subtract expenses from revenues. Other items such as cash, accounts receivable, and common stock are irrelevant to the solution.

9. Which of the below describes the revenue recognition principle.

• incorrect reason.
• explain how to solve/why answer is correct.

In closing, this is an optional assignment. Once submitted I will score this assignment and the score will appear in the grade book. This will show you the points earned on this assignment. I will then manually add these points to your exam 2 score.