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

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?