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Canty Cane itd's Accounts paysbles amounts to 5.00000 and they have junt renegotiated their ciedit...

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Canty Cane itd's Accounts paysbles amounts to 5.00000 and they have junt renegotiated their ciedit terms with the supplie: The ciedit teutrs being oflered are 3 ho net 60. The compeny howeve does not have sulficient cash oc hand to lake advantage of the discount and ave tryang to boriow the funds. Candy Cane can borow the funds from one of two bariks. Scotia Bank wall loan the funds for 20 days at a cost of \$400 while TD Bank offers a diocounted loan for 20 days at a cont of $320 Required: Advise Cachdy Cane Ud. on what action they should take (Use A decitial places and show all calculations) (f2 markis)

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