PC power supplies typically output multiple voltages.
+12V. +3.3V and +5V. There's also a -12V and really old PSUs had a -5V, but they're not needed anymore.
There's also "standby power" that puts out +5V even when the PC is "off" (this is called "+5V Stand By).
People tend to focus on the +12V output of the PSU because that's what 90% of PCs made in the last decade actually use.
The reason why wattage alone on the PSU isn't an important number is because you can have a PSU with a high total wattage capability, with very little of that power available where you need it: On the +12V rail. It's like having a car with 300 horsepower, but 200 of that horsepower is only used to turn the air conditioner compressor.
The Cooler Master Extreme RP-500-PCAR is a prime example of what kind of power supply NOT to by. It's about 15 years old and wasn't a very good power supply 15 years ago. It's absolute garbage, and here's why:
- No power factor correction (read: https://www.fuseco.com.au/power-fac.../articles/the-nee-for-power-factor-correction )
- It has horrible efficiency which means it's driving up your power bill and producing more heat than a more efficient power supply because what's not converted to DC is wasted as heat.
- It's loud. Because it produces more heat, the fan has to spin faster to exhaust that heat to keep the PSU operating at a safe temperature.
- It has a sleeve bearing fan. These fans do not tend to last long because there is no actual "bearing". Just a bushing that the fan spins on.
- 500W is it's peak outuput rating. Meaning it can only output 500W for a few milliseconds before exploding. The real continuous rating of that PSU is more along the lines of 430W or so.
And here's the part that addresses your original questions specifically:
* Despite being a "500W" PSU, it only has 360W on the +12V rail. These days, you can get that kind of performance out of a quality 400W power supply.
And, yes.. The PSU has multiple +12V rails. But it's not really two separate +12V sources inside the PSU. You have one +12V source capable of outputting up to 360W. They take that and split it into two circuits, each with a limitation of delivering no more than 16A each.
And by "0KWVT8 mobo" I think you mean the motherboard out of a Dell XPS 8700, right? That motherboard seems to be a standard ATX12V motherboard, with a standard 24-pin and a standard 4-pin for additional CPU power. So if you bought an ATX12V power supply for it, it should work.
Not all Dell owners are so lucky. Many of their motherboards, particularly Optiplex models, require a proprietary power supply. They have only 8-pins to the motherboard instead of 24-pins. And often they will have +12V on standby instead of +5V. But XPS models tend to be pretty standard stuff. Just don't power it with that garbage power supply unless you want to have tons of problems down the road.