38967 ÷ 4 = 9741 R3
Alright, let's work through the division of 38967 by 4 step by step.

Step 1:
4 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 3 to get 3.
Bring next digit (8) of the dividend behind the 3 and repeat the process: 38 / 4

Step 2:
4 goes into 38 9 times with a remainder of 2.
Write down 9 as next digit of of the result. 
Result so far: 9
Subtract 36 from 38 to get 2.
Bring next digit (9) of the dividend behind the 2 and repeat the process: 29 / 4

Step 3:
4 goes into 29 7 times with a remainder of 1.
Write down 7 as next digit of of the result. 
Result so far: 97
Subtract 28 from 29 to get 1.
Bring next digit (6) of the dividend behind the 1 and repeat the process: 16 / 4

Step 4:
4 goes into 16 4 times with a remainder of 0.
Write down 4 as next digit of of the result. 
Result so far: 974
Subtract 16 from 16 to get 0.
Bring next digit (7) of the dividend behind the 0 and repeat the process: 7 / 4

Step 5:
4 goes into 7 1 times with a remainder of 3.
Write down 1 as next digit of of the result. 
Result so far: 9741
Subtract 4 from 7 to get 3.

The final result is 9741 with a remainder of 3.