Final answer:
Calculation of daily cash operating expenses typically involves subtracting non-cash expenses from total operating expenses, rather than involving net income. The provided options do not correctly describe this calculation.
Step-by-step explanation:
The calculation of daily cash operating expenses does not directly involve net income. Instead, daily cash operating expenses are typically calculated by taking all of the actual cash expenditures that a business incurs for its day-to-day operations. This would include payments for things like rent, utilities, wages, and raw materials. To calculate this, you would take the total operating expenses and subtract any non-cash expenses like depreciation. So, none of the provided options (1) Net income minus non-cash expenses, (2) Net income plus non-cash expenses, (3) Net income divided by non-cash expenses, (4) Net income multiplied by non-cash expenses directly answer the question correctly since they incorrectly use net income as a starting point. To clarify, non-cash expenses would be added back to net income to calculate cash-based profit, not daily cash operating expenses.
Daily cash operating expenses are instead focused on the cash outflow related to operational activities and are critical for creating cash flow statements and budgets. An after-tax income calculation, as presented in the reference material provided, would be useful in personal finance for determining disposable income but is different from calculating business operating expenses.