In 1973 Gordon Moore,one of Intel's Founders,predicted That the Number

question 113

Essay

In 1973 Gordon Moore,one of Intel's founders,predicted that the number of transistors that could be placed on a single silicon chip would double every 18 months,equivalent to an annual growth of 59% .The first microprocessor was built in 1971 and had 2,250 transistors.By 2003 Intel chips contained 410 million transistors,over 182,000 times the number 32 years earlier.What has been the annual compound rate of growth in processing power? How does it compare with the prediction of Moore's law?

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Definitions:

Net Markdowns

The total decrease in the selling price of merchandise over a period, minus any markdown cancellations or recoveries.

Freight-in Charges

Costs incurred in bringing inventory to its present location and condition, typically including transportation charges.

LIFO Retail Inventory Method

An inventory costing method that assumes the last items placed in inventory are sold first, not necessarily reflecting the actual physical flow of merchandise.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.