On December 18, Intel receives $254,000 from a customer toward a cash sale of $2.54 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.54 million. What journal entries should Intel record on December 18 and January 23

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.