A social club has 200 members; each should pay £50 for their yearly subscription. At the start of the year - 20 members' owed subscriptions, at the end of the year 5 members had prepaid subscriptions. You are informed that 3 members' annual subscriptions from the previous year remained unpaid at the end of this year and these are to be written off. The cash receipts for the year are as follows:

Question

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At the start of the year, 20 members owed subscriptions, but by the end of the year, 5 had prepaid, reducing the number of payments expected within the year to 195 (200 - 5). Additionally, 3 members' subscriptions from the previous year are written off, meaning they won't be paid at all. Therefore, the expected cash receipts are for 195 members at £50 each, totaling £9,750. However, since 5 members prepaid for the next year, their payments should be added to this year's receipts, adding an additional £250 (5 members * £50). Thus, the total cash receipts are £9,750 + £250 = £10,000. The correct answer is not listed, indicating a possible mistake in the question or answer choices.

A Social Club Has 200 Members; Each Should Pay £50