49267 ÷ 7 = 7038 R1
Alright, let's work through the division of 49267 by 7 step by step.

Step 1:
7 goes into 4 0 times with a remainder of 4.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 4 to get 4.
Bring next digit (9) of the dividend behind the 4 and repeat the process: 49 / 7

Step 2:
7 goes into 49 7 times with a remainder of 0.
Write down 7 as next digit of of the result. 
Result so far: 7
Subtract 49 from 49 to get 0.
Bring next digit (2) of the dividend behind the 0 and repeat the process: 2 / 7

Step 3:
7 goes into 2 0 times with a remainder of 2.
Write down 0 as next digit of of the result. 
Result so far: 70
Subtract 0 from 2 to get 2.
Bring next digit (6) of the dividend behind the 2 and repeat the process: 26 / 7

Step 4:
7 goes into 26 3 times with a remainder of 5.
Write down 3 as next digit of of the result. 
Result so far: 703
Subtract 21 from 26 to get 5.
Bring next digit (7) of the dividend behind the 5 and repeat the process: 57 / 7

Step 5:
7 goes into 57 8 times with a remainder of 1.
Write down 8 as next digit of of the result. 
Result so far: 7038
Subtract 56 from 57 to get 1.

The final result is 7038 with a remainder of 1.