Final answer:
The projected sales for Stephen Sondheim Company can be calculated by multiplying its market share by the estimated sales for the desk lamp market. The correct answer is $224,400.
Step-by-step explanation:
To calculate Stephen Sondheim Company's projected sales, we need to multiply its market share by the estimated sales for the entire market. Stephen Sondheim Company has a 17% share of the market, and the estimated sales for desk lamps in the market for the coming year are $1,320,000.
To find the projected sales, we can multiply the market share by the total estimated sales: 17% x $1,320,000 = $224,400.
Therefore, Stephen Sondheim Company's projected sales are $224,400, which means that option a. $224,400 is the correct answer.