As for the processing per tick: the entire active chunk set gets semi-randomly processed by threads. You'd be absolutely right that the order of operations isn't always deterministic. An entity not being processed for a tick doesn't happen since the old chunk will still process entities that are "on hold", but only perform a subset of operations. Double-processing does occur and this is sometimes visible while playing with a chat message being duplicated. This happens pretty rarely and I took care to make sure occasional double-processing doesn't interfere with gameplay mechanics.
As for synchronization: yes, each tick all processing threads join together and the server performs minor central processing and scheduling. Then the next tick begins and all threads are started again.