We look at the division of 54387616 by 501 
We want to figure out the number of times 54387616 can be divided by 501.

On to step 1:
5 divided by 501 is 0 with a remainder of 5.
The next digit of our result is 0. 
Result so far: 0.0
Subtracting 0 from 5 leaves us with 5.
Take the next digit (4) from the dividend and append it to 5, then repeat: 54 / 501

Advancing to step 2:
54 divided by 501 is 0 with a remainder of 54.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Deduct 0 from 54 and we're left with 54.
Fetch the next digit (3) from the dividend, attach it to 54 and continue: 543 / 501

Advancing to step 3:
If we divide 543 by 501, we get 1 and a remainder of 42.
The next digit of our result is 1. 
Result so far: 1.0
If we take 501 away from 543, we end up with 42.
Bring next digit (8) of the dividend behind the 42 and repeat the process: 428 / 501

Step 4:
428 divided by 501 is 0 with a remainder of 428.
Use 0 as the next digit of our solution. 
Result so far: 10.0
Subtract 0 from 428 to get 428.
Append the next digit (7) from the dividend to 428 and continue with: 4287 / 501

Step 5:
When dividing 4287 by 501, we get 8 with a remainder of 279.
The number 8 becomes the next digit in our result. 
Result so far: 108.0
If we subtract 4008 from 4287, we get 279.
Take the next digit (6) from the dividend and append it to 279, then repeat: 2796 / 501

Advancing to step 6:
2796 divided by 501 is 5 with a remainder of 291.
Record the quotient 5 as the next digit in the result. 
Result so far: 1085.0
Subtract 2505 from 2796 to get 291.
Bring next digit (1) of the dividend behind the 291 and repeat the process: 2911 / 501

Step 7:
501 can be fit into 2911 5 times, resulting in a remainder of 406.
Record the quotient 5 as the next digit in the result. 
Result so far: 10855.0
Subtract 2505 from 2911 to get 406.
Take the next digit (6) from the dividend and append it to 406, then repeat: 4066 / 501

Advancing to step 8:
If we divide 4066 by 501, we get 8 and a remainder of 58.
Record the quotient 8 as the next digit in the result. 
Result so far: 108558.0
Subtract 4008 from 4066 to get 58.
Since there are no more digits in the dividend, we add a zero to the remainder making it 580, and continue the process.

Let's proceed to step 9:
501 goes into 580 1 times with a remainder of 79.
The next digit of our result is 1. 
Result so far: 108558.1
Deduct 501 from 580 and we're left with 79.
Since there are no more digits in the dividend, we add a zero to the remainder making it 790, and continue the process.

Step 10:
501 can be fit into 790 1 times, resulting in a remainder of 289.
Write down 1 as next digit of the result. 
Result so far: 108558.11
If we take 501 away from 790, we end up with 289.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2890, and continue the process.

The quotient of the division is 108558.11, and the remainder is 0.289.