
Christopher J. answered 10/10/15
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That is correct. A single replacement reaction involves replacing a single element in one compound with another element. Often, not necessarily always, an exchange of electron(s) from one element to another is also involved. You could break down this reaction into the following simpler reactions:
Ni => Ni+2 + 2e-
Hg(CH3COO)2 => Hg+2 + 2(CH3COO-)
Hg+2 + 2e- => Hg
and
Ni+2 + 2(CH3COO-) => Ni(CH3COO)2
resulting in
Ni + Hg(CH3COO)2 => Ni(CH3COO)2 + Hg
If you wish to include the various states of the various states of the compounds please note that the two compounds Ni(CH3COO)2 and Hg(CH3COO)2 will actually exist in their dissociated, ionic state (use "(aq)" on each of the ionic species to represent this), while the Nickel is initially solid ( Ni(s) ). You have correctly shown the resultant Mercury to be in the liquid state ( Hg(l) ).
Chris