We're dividing 50016965 by 701 
We're looking to find how many times 701 goes into 50016965.

Step 1:
701 can be fit into 5 0 times, resulting in a remainder of 5.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtract 0 from 5 to get 5.
Include the next digit (0) from the dividend after 5, then repeat: 50 / 701

Step 2:
When dividing 50 by 701, we get 0 with a remainder of 50.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Deduct 0 from 50 and we're left with 50.
Take the next digit (0) from the dividend and append it to 50, then repeat: 500 / 701

Going ahead to step 3:
The number 701 fits into 500 0 times, leaving a remainder of 500.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
If we take 0 away from 500, we end up with 500.
Append the next digit (1) from the dividend to 500 and continue with: 5001 / 701

Advancing to step 4:
If we divide 5001 by 701, we get 7 and a remainder of 94.
The next digit of our result is 7. 
Result so far: 7.0
The remainder is 94 after subtracting 4907 from 5001.
Append the next digit (6) from the dividend to 94 and continue with: 946 / 701

Moving on to step 5:
When dividing 946 by 701, we get 1 with a remainder of 245.
Use 1 as the next digit of our solution. 
Result so far: 71.0
Deduct 701 from 946 and we're left with 245.
Take the next digit (9) from the dividend and append it to 245, then repeat: 2459 / 701

Let's proceed to step 6:
701 goes into 2459 3 times with a remainder of 356.
The number 3 becomes the next digit in our result. 
Result so far: 713.0
If we subtract 2103 from 2459, we get 356.
Include the next digit (6) from the dividend after 356, then repeat: 3566 / 701

On to step 7:
The number 701 fits into 3566 5 times, leaving a remainder of 61.
The number 5 becomes the next digit in our result. 
Result so far: 7135.0
If we subtract 3505 from 3566, we get 61.
Bring next digit (5) of the dividend behind the 61 and repeat the process: 615 / 701

Let's proceed to step 8:
701 goes into 615 0 times with a remainder of 615.
Put 0 as the next digit of the answer. 
Result so far: 71350.0
Deduct 0 from 615 and we're left with 615.
Since there are no more digits in the dividend, we add a zero to the remainder making it 6150, and continue the process.

Step 9:
If we divide 6150 by 701, we get 8 and a remainder of 542.
Write down 8 as next digit of the result. 
Result so far: 71350.8
Subtracting 5608 from 6150 leaves us with 542.
Since there are no more digits in the dividend, we add a zero to the remainder making it 5420, and continue the process.

Let's proceed to step 10:
701 can be fit into 5420 7 times, resulting in a remainder of 513.
Write down 7 as next digit of the result. 
Result so far: 71350.87
If we take 4907 away from 5420, we end up with 513.
Since there are no more digits in the dividend, we add a zero to the remainder making it 5130, and continue the process.

Going ahead to step 11:
The number 701 fits into 5130 7 times, leaving a remainder of 223.
Put 7 as the next digit of the answer. 
Result so far: 71350.877
Subtracting 4907 from 5130 leaves us with 223.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2230, and continue the process.

In conclusion, the division gives 71350.877 with a balance of 0.0223.