Answer the following questions Paragraph 1 (300 words)Consider the potential concerns that might arise if Watley's follows policies that are designed to maximise short-term profits above all other considerations. Paragraph 4(300 words)Reflect upon whether or not cash flow is likely to be a major issue for Watley's. Provide suggestions for what, if anything, the company may need to do in order to deal with any cash flow problems.Paragragh 3 (300 words)Briefly describe how Watley's management team might use management accounting techniques in order to help their furniture company with financial decisions about the future of the company.Paragragh 4 (300)Consider the type of issues that may lead to cost variance for furniture company Watley's and suggest what steps the company may need to take in order to manage them effectively